Griffin Mining (LON:GFM) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Griffin Mining Limited (LON:GFM)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 162.14 ($2.17) and traded as high as GBX 184.50 ($2.46). Griffin Mining shares last traded at GBX 170 ($2.27), with a volume of 90,060 shares traded.

Griffin Mining Stock Performance

The company has a market capitalization of £389.21 million, a P/E ratio of 18.85 and a beta of 0.76. The business has a 50 day moving average of GBX 178.90 and a 200 day moving average of GBX 162.14. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25.

Griffin Mining Company Profile

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”).