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

Griffin Mining Limited (LON:GFM - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 160.18 ($2.12) and traded as high as GBX 178.02 ($2.36). Griffin Mining shares last traded at GBX 175.50 ($2.33), with a volume of 195,329 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 190 ($2.52) price objective on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Stock Performance

The company has a market capitalization of £404.90 million, a price-to-earnings ratio of 19.61 and a beta of 0.76. The stock has a 50-day moving average price of GBX 178.83 and a 200-day moving average price of GBX 160.42. 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”).