Griffin Mining (LON:GFM) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Griffin Mining Limited (LON:GFM - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 166.37 ($2.26) and traded as low as GBX 163 ($2.21). Griffin Mining shares last traded at GBX 165 ($2.24), with a volume of 9,261 shares trading hands.

Griffin Mining Stock Performance

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 company has a market capitalization of £382.87 million, a P/E ratio of 18.54 and a beta of 0.76. The business has a 50 day moving average of GBX 173.28 and a 200-day moving average of GBX 166.58.

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”).