Griffin Mining (LON:GFM) Share Price Passes Above Two Hundred Day Moving Average of $129.80

Griffin Mining Limited (LON:GFM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 129.80 ($1.67) and traded as high as GBX 132 ($1.70). Griffin Mining shares last traded at GBX 129 ($1.66), with a volume of 113,588 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price target on shares of Griffin Mining from GBX 180 ($2.32) to GBX 190 ($2.44) and gave the stock a “buy” rating in a report on Wednesday, July 10th.

Griffin Mining Trading Down 0.8 %

The firm has a market capitalization of £237.66 million, a PE ratio of 2,150.00 and a beta of 0.89. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is GBX 150.36 and its 200 day moving average price is GBX 130.08.

About Griffin Mining

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.