Serabi Gold (LON:SRB) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Serabi Gold plc (LON:SRB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 267.97 and traded as high as GBX 325. Serabi Gold shares last traded at GBX 321, with a volume of 274,380 shares trading hands.

Serabi Gold Stock Performance

The firm has a market cap of £243.11 million, a P/E ratio of 5.41 and a beta of 1.06. The firm has a fifty day moving average of GBX 316.31 and a 200-day moving average of GBX 268.43.

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.