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Serabi Gold (LON:SRB) Shares Pass Above 200 Day Moving Average - What's Next?

Serabi Gold logo with Basic Materials background

Key Points

  • Serabi Gold shares have crossed above their 200-day moving average, reaching a high of GBX 203.40 ($2.70) during trading.
  • The company has a market capitalization of £192.94 million and a P/E ratio of 9.75, indicating potential growth prospects.
  • Serabi Gold is focused on gold exploration and production in Brazil, primarily through its Palito Mining Complex and the newly acquired Coringa Gold Project.
  • Want stock alerts on Serabi Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Serabi Gold plc (LON:SRB - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 158.07 ($2.13) and traded as high as GBX 203.40 ($2.74). Serabi Gold shares last traded at GBX 201.92 ($2.72), with a volume of 419,506 shares traded.

Serabi Gold Stock Performance

The stock has a market cap of £191.51 million, a P/E ratio of 9.68 and a beta of 1.06. The business has a 50 day simple moving average of GBX 179.62 and a 200-day simple moving average of GBX 159.16.

About Serabi Gold

(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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