Serabi Gold (LON:SRB) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Serabi Gold plc (LON:SRB) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 318.69 and traded as low as GBX 270. Serabi Gold shares last traded at GBX 275, with a volume of 303,886 shares traded.

Serabi Gold Stock Down 1.8%

The company has a 50-day moving average of GBX 318.04 and a 200-day moving average of GBX 318.69. The company has a market capitalization of £209.85 million, a price-to-earnings ratio of 3.15 and a beta of 0.84. The company has a current ratio of 4.22, a quick ratio of 1.26 and a debt-to-equity ratio of 1.37.

Serabi Gold Company Profile

Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. the Company’s primary interests are its 100% owned Palito Mining Complex and the more recently acquired Coringa Gold Project both located in the Tapajos region of northern Brazil. The Palito Mining Complex includes over 50,800 hectares of contiguous and highly prospective exploration tenements that the Company controls, whilst the Coringa project forms part of a eight kilometre continuous strike of historic artisanal mine workings and includes seven separate concessions totalling over 13,000 hectares.