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Serabi Gold (LON:SRB) Stock Passes Above 200 Day Moving Average - Here's Why

Serabi Gold logo with Basic Materials background

Shares of Serabi Gold plc (LON:SRB - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 69.10 ($0.90) and traded as high as GBX 84 ($1.10). Serabi Gold shares last traded at GBX 83 ($1.08), with a volume of 447,403 shares.

Serabi Gold Stock Performance

The firm has a market capitalization of £63.99 million, a PE ratio of 768.18 and a beta of 1.06. The company has a debt-to-equity ratio of 6.50, a quick ratio of 1.26 and a current ratio of 2.09. The business's fifty day simple moving average is GBX 74.90 and its 200-day simple moving average is GBX 69.10.

Serabi Gold Company Profile

(Get Free Report)

Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil. The company explores for and produces gold and copper deposits. It primarily holds 100% interests in the Palito mining complex covering an area of approximately 56,631 hectares; and the Coringa Gold Project located in the Tapajos region of northern Brazil.

Further Reading

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