Centamin (LON:CEY) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Centamin plc (LON:CEY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 131.35 ($1.70) and traded as high as GBX 164.90 ($2.14). Centamin shares last traded at GBX 163.50 ($2.12), with a volume of 10,938,738 shares trading hands.

Analyst Upgrades and Downgrades

CEY has been the subject of several recent analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 150 ($1.95) price objective on shares of Centamin in a research note on Tuesday, September 10th. Berenberg Bank reiterated a "buy" rating and set a GBX 160 ($2.07) price target on shares of Centamin in a report on Wednesday, August 21st.

Centamin Stock Performance

The business's fifty day moving average price is GBX 147.11 and its 200-day moving average price is GBX 131.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 3.44. The stock has a market cap of £1.88 billion, a PE ratio of 3,292.00, a P/E/G ratio of -1.53 and a beta of 0.56.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.