Griffin Mining (LON:GFM) Reaches New 52-Week High at $168.55

Griffin Mining Limited (LON:GFM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 168.55 ($2.26) and last traded at GBX 167 ($2.24), with a volume of 226313 shares. The stock had previously closed at GBX 163 ($2.18).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 ($2.54) price target on shares of Griffin Mining in a research note on Thursday, September 12th.

Griffin Mining Stock Up 2.5 %

The firm has a market cap of £306.13 million, a price-to-earnings ratio of 2,037.50 and a beta of 0.76. The company has a current ratio of 1.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of GBX 137.55 and a 200-day moving average of GBX 141.67.

Griffin Mining Company Profile

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