Griffin Mining (LON:GFM) Reaches New 1-Year High - Should You Buy?

Griffin Mining Limited (LON:GFM - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as GBX 194.75 ($2.52) and last traded at GBX 189.25 ($2.45), with a volume of 73090 shares traded. The stock had previously closed at GBX 189 ($2.45).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 190 ($2.46) target price on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Stock Performance

The stock has a market capitalization of £424.38 million, a PE ratio of 20.55 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. The business's fifty day moving average price is GBX 167.18 and its 200-day moving average price is GBX 155.21.

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”).