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

Griffin Mining Limited (LON:GFM - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 146.32 ($1.84) and traded as high as GBX 150 ($1.89). Griffin Mining shares last traded at GBX 148 ($1.86), with a volume of 36,443 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 190 ($2.39) price target on shares of Griffin Mining in a research report on Friday, October 25th.

Griffin Mining Trading Down 4.1 %

The stock has a 50-day moving average of GBX 148.42 and a 200 day moving average of GBX 146.25. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25. The stock has a market cap of £260.30 million, a PE ratio of 1,577.78 and a beta of 0.76.

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”).