Griffin Mining (LON:GFM) Shares Pass Above 200 Day Moving Average - Should You Sell?

Griffin Mining Limited (LON:GFM - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 159.57 ($2.11) and traded as high as GBX 171.30 ($2.27). Griffin Mining shares last traded at GBX 165 ($2.18), with a volume of 31,625 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and set a GBX 190 ($2.51) target price on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Stock Performance

The business's fifty day moving average price is GBX 179.65 and its 200-day moving average price is GBX 159.97. The stock has a market capitalization of £409.39 million, a PE ratio of 19.83 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.

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”).