Griffin Mining (LON:GFM) Hits New 12-Month High - Time to Buy?

Griffin Mining Limited (LON:GFM - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 206.95 ($2.81) and last traded at GBX 187 ($2.54), with a volume of 357194 shares trading hands. The stock had previously closed at GBX 197 ($2.68).

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price target on Griffin Mining from GBX 190 ($2.58) to GBX 200 ($2.72) and gave the company a "buy" rating in a report on Thursday, July 3rd.

Griffin Mining Price Performance

The firm has a market cap of £446.87 million, a PE ratio of 21.64 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The firm has a fifty day simple moving average of GBX 176.65 and a two-hundred day simple moving average of GBX 171.40.

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”).