Serabi Gold (LON:SRB) Hits New 52-Week High - Still a Buy?

Key Points

• Serabi Gold plc's stock reached a new 52-week high, trading at GBX 203.40 ($2.70) with a significant trading volume of 419,506 shares on Tuesday.
• The company, which has a market cap of £191.91 million and a price-to-earnings ratio of 9.70, focuses on gold exploration and production in Brazil, particularly through its Palito Mining Complex and Coringa Gold Project.
• Serabi Gold has a fifty-day simple moving average of GBX 176.76 and a two-hundred-day average of GBX 158.07, indicating recent positive price performance.

Serabi Gold plc (LON:SRB - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 203.40 ($2.74) and last traded at GBX 201.92 ($2.72), with a volume of 419506 shares trading hands. The stock had previously closed at GBX 195 ($2.62).

Serabi Gold Price Performance

The firm's fifty day simple moving average is GBX 179.62 and its 200 day simple moving average is GBX 159.16. The company has a market capitalization of £192.94 million, a price-to-earnings ratio of 9.75 and a beta of 1.06.

About Serabi Gold

Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. the Company's primary interests are its 100% owned Palito Mining Complex and the more recently acquired Coringa Gold Project both located in the Tapajos region of northern Brazil.