Serabi Gold (LON:SRB) Reaches New 12-Month High - What's Next?

Key Points

• Serabi Gold plc shares reached a new 52-week high, trading at GBX 250 ($3.37), marking a significant increase from their previous close of GBX 236 ($3.18).
• The company has a market capitalization of £186.31 million and a P/E ratio of 496.57, indicating potential growth in the gold mining sector.
• Serabi Gold's operations focus on gold exploration and production in Brazil, particularly through its 100% owned Palito Mining Complex and the Coringa Gold Project.

Serabi Gold plc (LON:SRB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 250 ($3.38) and last traded at GBX 246 ($3.32), with a volume of 553349 shares trading hands. The stock had previously closed at GBX 236 ($3.19).

Serabi Gold Stock Performance

The stock has a 50-day moving average of GBX 203.32 and a 200-day moving average of GBX 173.94. The firm has a market cap of £185.55 million, a price-to-earnings ratio of 494.55 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.