Griffin Mining (LON:GFM) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Griffin Mining Limited (LON:GFM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 302.75 and traded as low as GBX 293. Griffin Mining shares last traded at GBX 293, with a volume of 6,092 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 360 price target on shares of Griffin Mining in a research note on Monday, June 22nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 300.

Griffin Mining Trading Down 0.7%

The company has a current ratio of 1.32, a quick ratio of 0.98 and a debt-to-equity ratio of 0.16. The company has a market capitalization of £517.41 million, a price-to-earnings ratio of 24.21 and a beta of 0.51. The company has a fifty day moving average of GBX 309.90 and a 200-day moving average of GBX 302.75.

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”).