Griffin Mining (LON:GFM) Shares Up 8.2% - Still a Buy?

Griffin Mining Limited (LON:GFM - Get Free Report) traded up 8.2% during trading on Tuesday . The stock traded as high as GBX 162 ($2.01) and last traded at GBX 158 ($1.96). 120,591 shares were traded during mid-day trading, an increase of 110% from the average session volume of 57,371 shares. The stock had previously closed at GBX 146 ($1.81).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 190 ($2.36) price target on shares of Griffin Mining in a research note on Thursday, January 2nd.

Griffin Mining Stock Performance

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 company has a market cap of £331.79 million, a price-to-earnings ratio of 2,011.11 and a beta of 0.76. The firm's 50-day moving average price is GBX 148.68 and its 200 day moving average price is GBX 145.50.

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”).