Griffin Mining (LON:GFM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Griffin Mining Limited (LON:GFM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 165.28 ($2.24) and traded as high as GBX 179.50 ($2.43). Griffin Mining shares last traded at GBX 170.50 ($2.31), with a volume of 23,341 shares changing hands.

Griffin Mining Price Performance

The company has a market cap of £382.87 million, a price-to-earnings ratio of 18.54 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 company's 50 day moving average price is GBX 174.43 and its 200 day moving average price is GBX 165.64.

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”).