Griffin Mining (LON:GFM) Trading Down 2.7% - Here's What Happened

Griffin Mining Limited (LON:GFM - Get Free Report) dropped 2.7% on Tuesday . The stock traded as low as GBX 144 ($1.84) and last traded at GBX 144 ($1.84). Approximately 57,767 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 172,062 shares. The stock had previously closed at GBX 148 ($1.89).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 190 ($2.42) price target on shares of Griffin Mining in a research note on Friday, October 25th.

Griffin Mining Price Performance

The company's 50-day simple moving average is GBX 149.71 and its 200 day simple moving average is GBX 146.81. The company has a market cap of £260.30 million, a PE ratio of 1,577.78 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.

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.