Griffin Mining (LON:GFM) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Griffin Mining Limited (LON:GFM - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 156.01 ($2.02) and traded as high as GBX 185 ($2.40). Griffin Mining shares last traded at GBX 183 ($2.37), with a volume of 63,906 shares trading hands.

Analyst Upgrades and Downgrades

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

Griffin Mining Stock Down 2.7 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The firm has a market cap of £422.08 million, a price-to-earnings ratio of 20.44 and a beta of 0.76. The business's 50 day moving average price is GBX 170.26 and its 200 day moving average price is GBX 156.84.

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”).