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Griffin Mining (LON:GFM) Shares Cross Above 200-Day Moving Average - Time to Sell?

Griffin Mining logo with Basic Materials background

Griffin Mining Limited (LON:GFM - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 167.12 ($2.25) and traded as high as GBX 172 ($2.31). Griffin Mining shares last traded at GBX 172 ($2.31), with a volume of 16,830 shares traded.

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's 50-day moving average is GBX 174.29 and its two-hundred day moving average is GBX 167.73. The stock has a market cap of £415.16 million, a price-to-earnings ratio of 20.11 and a beta of 0.76.

About Griffin Mining

(Get Free Report)

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”).

Further Reading

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