Griffin Mining (LON:GFM) Hits New 12-Month High – Here’s Why

Griffin Mining Limited (LON:GFM) reached a new 52-week high during trading on Monday . The company traded as high as GBX 275 and last traded at GBX 269, with a volume of 183316 shares traded. The stock had previously closed at GBX 265.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on shares of Griffin Mining from GBX 220 to GBX 240 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Griffin Mining has a consensus rating of “Buy” and a consensus price target of GBX 220.

Griffin Mining Stock Up 1.5%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The firm’s 50 day moving average price is GBX 223.02 and its two-hundred day moving average price is GBX 201.03. The company has a market cap of £475.03 million, a P/E ratio of 54.90 and a beta of 0.76.

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”).