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

Griffin Mining Limited (LON:GFM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.93 ($2.16) and traded as high as GBX 177 ($2.35). Griffin Mining shares last traded at GBX 171 ($2.27), with a volume of 17,538 shares traded.

Griffin Mining Trading Up 1.5%

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 50-day simple moving average of GBX 176.99 and a 200 day simple moving average of GBX 162.93. The company has a market capitalization of £400.17 million, a P/E ratio of 19.38 and a beta of 0.76.

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”).

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