Griffin Mining (LON:GFM) Share Price Crosses Below 200 Day Moving Average of $95.69

Griffin Mining Limited (LON:GFMGet Rating) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 95.69 ($1.16) and traded as low as GBX 81.58 ($0.99). Griffin Mining shares last traded at GBX 82.50 ($1.00), with a volume of 29,495 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 160 ($1.93) price target on shares of Griffin Mining in a research note on Tuesday, August 16th.

Griffin Mining Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.29 and a quick ratio of 0.98. The stock has a market capitalization of £144.29 million and a P/E ratio of 1,031.25. The firm has a 50 day moving average of GBX 85.12 and a 200-day moving average of GBX 95.69.

About Griffin Mining

(Get Rating)

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for zinc, gold, 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.

Further Reading

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