Griffin Mining (LON:GFM) Stock Crosses 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 Thursday . The stock has a 200-day moving average of GBX 163.94 ($2.22) and traded as high as GBX 175 ($2.36). Griffin Mining shares last traded at GBX 175 ($2.36), with a volume of 3,632 shares traded.

Griffin Mining Trading Up 2.3%

The firm has a 50-day moving average of GBX 175.19 and a 200 day moving average of GBX 164.96. 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 company has a market cap of £415.16 million, a P/E ratio of 20.11 and a beta of 0.76.

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”).