Griffin Mining (LON:GFM) Stock Price Down 0.9% – Time to Sell?

Griffin Mining Limited (LON:GFM) shares were down 0.9% during mid-day trading on Wednesday. The stock traded as low as GBX 308 and last traded at GBX 309.09. Approximately 40,450 shares changed hands during trading, a decline of 49% from the average session volume of 78,704 shares. The stock had previously closed at GBX 312.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price target on Griffin Mining from GBX 360 to GBX 340 and set a “buy” rating on the stock in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 340.

Griffin Mining Stock Performance

The firm has a market cap of £554.52 million, a PE ratio of 16.63 and a beta of 0.50. The company has a current ratio of 1.32, a quick ratio of 0.98 and a debt-to-equity ratio of 0.13. The firm’s 50 day simple moving average is GBX 301.95 and its 200 day simple moving average is GBX 301.82.

About Griffin Mining

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”).