Griffin Mining (LON:GFM) Sets New 52-Week High – Time to Buy?

Griffin Mining Limited (LON:GFM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 345 and last traded at GBX 327, with a volume of 26570 shares changing hands. The stock had previously closed at GBX 331.

Griffin Mining Stock Down 1.2%

The company’s 50-day simple moving average is GBX 281.46 and its two-hundred day simple moving average is GBX 224.83. The firm has a market capitalization of £577.45 million, a P/E ratio of 66.73 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 0.98.

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”).