Griffin Mining (LON:GFM) Share Price Passes Above 200-Day Moving Average - What's Next?

Griffin Mining Limited (LON:GFM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 145 ($1.80) and traded as high as GBX 149 ($1.85). Griffin Mining shares last traded at GBX 143 ($1.78), with a volume of 65,055 shares changing hands.

Wall Street Analyst Weigh In

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

Griffin Mining Trading Up 3.5 %

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 capitalization of £271.30 million, a price-to-earnings ratio of 1,644.44 and a beta of 0.76. The company's 50-day moving average is GBX 146.30 and its 200-day moving average is GBX 144.97.

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”).