Griffin Mining (LON:GFM) Shares Pass Above 200 Day Moving Average - Here's What Happened

Shares of Griffin Mining Limited (LON:GFM - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 167.12 ($2.24) 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 changing hands.

Griffin Mining Stock Up 3.0%

The stock has a fifty day moving average price of GBX 173.43 and a two-hundred day moving average price of GBX 167.12. The company has a market cap of £396.71 million, a P/E ratio of 19.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 0.98.

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”).

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