Griffin Mining (LON:GFM) Share Price Passes Above 200 Day Moving Average – Here’s Why

Griffin Mining Limited (LON:GFM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 146.51 ($1.84) and traded as high as GBX 184.95 ($2.33). Griffin Mining shares last traded at GBX 181.36 ($2.28), with a volume of 58,851 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 ($2.39) target price on shares of Griffin Mining in a research note on Thursday, January 2nd.

Griffin Mining Price Performance

The company has a market capitalization of £429.00 million, a PE ratio of 20.78 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is GBX 152.23 and its 200-day moving average is GBX 147.03.

Griffin Mining Company Profile

Griffin Mining Limited (“Griffin” or “the Company”) is a mining and investment company, incorporated in Bermuda in 1988 whose shares were admitted to trading on the Alternative Investment Market of the London Stock Exchange (“AIM”) in 1997.
The major asset of the Company is an 88.8% interest in Hebei Hua Ao Mining Industry Company Limited (“Hebei Hua Ao”) through its wholly-owned Hong Kong subsidiary, China Zinc Limited (“China Zinc”), which holds licences, the operating mine and processing facilities (the “Caijiaying Mine”) near Zhangjiakou City in the People’s Republic of China (“PRC” or “China”).