Griffin Mining (LON:GFM) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Griffin Mining Limited (LON:GFM - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 148.25 ($1.91) and traded as low as GBX 143 ($1.84). Griffin Mining shares last traded at GBX 147.50 ($1.90), with a volume of 30,027 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 190 ($2.44) target price on shares of Griffin Mining in a research note on Friday, October 25th.

Griffin Mining Stock Up 3.1 %

The company has a current ratio of 1.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of £278.63 million, a P/E ratio of 1,647.33 and a beta of 0.76. The stock's 50-day simple moving average is GBX 152 and its 200-day simple moving average is GBX 148.25.

Griffin Mining Company Profile

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.