Serabi Gold (LON:SRB) Sets New 1-Year High - Still a Buy?

Key Points

• Shares of Serabi Gold plc reached a new 52-week high, trading at GBX 215 ($2.88).
• The company's market capitalization stands at £160.94 million with a P/E ratio of 488.39.
• Serabi Gold focuses on gold exploration and production, primarily in its Palito Mining Complex and the recently acquired Coringa Gold Project in Brazil.

Shares of Serabi Gold plc (LON:SRB - ) reached a new 52-week high on Wednesday . The stock traded as high as GBX 215 ($2.88) and last traded at GBX 212.50 ($2.85), with a volume of 944892 shares trading hands. The stock had previously closed at GBX 213 ($2.85).

Serabi Gold Price Performance

The firm has a fifty day moving average of GBX 188.64 and a two-hundred day moving average of GBX 167.17. The stock has a market capitalization of £160.94 million, a P/E ratio of 488.39 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.

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