Griffin Mining (LON:GFM) Stock Crosses Above 200 Day Moving Average – Time to Sell?
by Renee Jackson · The Cerbat GemShares of Griffin Mining Limited (LON:GFM – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 230.83 and traded as high as GBX 325. Griffin Mining shares last traded at GBX 322, with a volume of 23,736 shares.
Griffin Mining Stock Performance
The firm has a market capitalization of £572.15 million, a price-to-earnings ratio of 66.12 and a beta of 0.76. The firm’s 50-day moving average price is GBX 294.96 and its two-hundred day moving average price is GBX 232.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 1.98.
About Griffin Mining
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”).