Serabi Gold (LON:SRB) Hits New 1-Year Low – Time to Sell?

Serabi Gold plc (LON:SRB)’s stock price reached a new 52-week low on Monday. The stock traded as low as GBX 165 and last traded at GBX 171.90, with a volume of 866,521 shares traded. The stock had previously closed at GBX 179.

Serabi Gold Price Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.26 and a current ratio of 4.02. The firm has a market cap of £131.17 million, a price-to-earnings ratio of 2.00 and a beta of 0.85. The stock’s 50 day simple moving average is GBX 265.69 and its 200-day simple moving average is GBX 295.38.

Serabi Gold Company Profile

Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. the Company’s primary interests are its 100% owned Palito Mining Complex and the more recently acquired Coringa Gold Project both located in the Tapajos region of northern Brazil. The Palito Mining Complex includes over 50,800 hectares of contiguous and highly prospective exploration tenements that the Company controls, whilst the Coringa project forms part of a eight kilometre continuous strike of historic artisanal mine workings and includes seven separate concessions totalling over 13,000 hectares.