Griffin Mining (LON:GFM) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Griffin Mining Limited (LON:GFM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 163.94 ($2.22) and traded as high as GBX 175 ($2.37). Griffin Mining shares last traded at GBX 175 ($2.37), with a volume of 3,632 shares changing hands.

Griffin Mining Stock Down 2.2%

The business's 50 day simple moving average is GBX 175.43 and its 200-day simple moving average is GBX 164.74. 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 cap of £405.93 million, a price-to-earnings ratio of 19.66 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”).