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Serabi Gold (LON:SRB) Shares Cross Above 200 Day Moving Average - Time to Sell?

Serabi Gold logo with Basic Materials background

Key Points

  • Serabi Gold's share price has surpassed its 200-day moving average, trading at GBX 204.10 ($2.76) after reaching a high of GBX 208 ($2.81).
  • The company focuses on gold exploration and production in Brazil, primarily through its Palito Mining Complex and the newly acquired Coringa Gold Project.
  • Serabi Gold has a market capitalization of £154.58 million and shows a significantly high P/E ratio of 469.09, indicating a high valuation relative to earnings.
  • Interested in Serabi Gold? Here are five stocks we like better.

Shares of Serabi Gold plc (LON:SRB - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 166.05 ($2.22) and traded as high as GBX 208 ($2.79). Serabi Gold shares last traded at GBX 204.10 ($2.73), with a volume of 602,107 shares.

Serabi Gold Stock Down 0.2%

The company's 50 day simple moving average is GBX 188.64 and its 200-day simple moving average is GBX 167.17. The firm has a market cap of £160.94 million, a P/E ratio of 488.39 and a beta of 1.06.

Serabi Gold Company Profile

(Get Free Report)

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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