Griffin Mining (LON:GFM) Shares Pass Below 200 Day Moving Average of $79.95

Griffin Mining Limited (LON:GFM – Get Rating)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 79.95 ($0.97) and traded as low as GBX 76 ($0.93). Griffin Mining shares last traded at GBX 77 ($0.94), with a volume of 312,305 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GFM. Shore Capital reiterated a “buy” rating and issued a GBX 170 ($2.07) price objective on shares of Griffin Mining in a research report on Monday, March 6th. Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.83) target price on shares of Griffin Mining in a research note on Monday, November 21st.

Griffin Mining Stock Performance

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 firm has a market capitalization of £142.47 million, a price-to-earnings ratio of 962.50 and a beta of 1.08. The firm’s fifty day moving average is GBX 85.11 and its 200 day moving average is GBX 79.95.

Griffin Mining Company Profile

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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.