Griffin Mining (LON:GFM) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Griffin Mining Limited (LON:GFM - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 145.81 ($1.78) and traded as high as GBX 151.90 ($1.85). Griffin Mining shares last traded at GBX 144 ($1.76), with a volume of 178,612 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 190 ($2.32) price target on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Price Performance

The firm has a fifty day simple moving average of GBX 146.51 and a 200 day simple moving average of GBX 145.80. The company has a market capitalization of £262.13 million, a PE ratio of 1,588.89 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76.

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”).