Griffin Mining (LON:GFM) Stock Crosses Above 200-Day Moving Average of $128.25

Shares of Griffin Mining Limited (LON:GFM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 128.25 ($1.66) and traded as high as GBX 142.20 ($1.84). Griffin Mining shares last traded at GBX 133 ($1.72), with a volume of 297,838 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on Griffin Mining from GBX 180 ($2.33) to GBX 190 ($2.46) and gave the company a “buy” rating in a research report on Wednesday, July 10th.

Griffin Mining Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The company has a market cap of £243.18 million, a P/E ratio of 2,200.00 and a beta of 0.89. The business has a fifty day moving average of GBX 153.12 and a 200 day moving average of GBX 128.57.

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.