Griffin Mining (LON:GFM) Sets New 1-Year High – Time to Buy?

Griffin Mining Limited (LON:GFM)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 194.75 ($2.52) and last traded at GBX 189.25 ($2.45), with a volume of 73090 shares. The stock had previously closed at GBX 189 ($2.44).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 ($2.46) price target on shares of Griffin Mining in a report on Thursday, January 2nd.

Griffin Mining Stock Performance

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 firm has a fifty day moving average price of GBX 163.97 and a 200 day moving average price of GBX 153.77. The firm has a market cap of £436.49 million, a PE ratio of 21.14 and a beta of 0.76.

About Griffin Mining

Griffin Mining Limited (“Griffin” or “the Company”) is a mining and investment company, incorporated in Bermuda in 1988 whose shares were admitted to trading on the Alternative Investment Market of the London Stock Exchange (“AIM”) in 1997.
The major asset of the Company is an 88.8% interest in Hebei Hua Ao Mining Industry Company Limited (“Hebei Hua Ao”) through its wholly-owned Hong Kong subsidiary, China Zinc Limited (“China Zinc”), which holds licences, the operating mine and processing facilities (the “Caijiaying Mine”) near Zhangjiakou City in the People’s Republic of China (“PRC” or “China”).