Serabi Gold (LON:SRB) Shares Up 10.5% - Here's What Happened

Key Points

• Serabi Gold's share price increased by 10.5%, reaching a high of GBX 298 ($3.97) during trading on Wednesday, driven by a trading volume that was 13% higher than its average.
• The company has a market capitalization of £221.52 million and a PE ratio of 590.43.
• Serabi Gold is focused on gold exploration and production in Brazil, with primary interests in the Palito Mining Complex and the Coringa Gold Project.

Serabi Gold plc (LON:SRB - )'s share price shot up 10.5% during trading on Wednesday . The stock traded as high as GBX 298 ($3.97) and last traded at GBX 285 ($3.80). 644,600 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 570,561 shares. The stock had previously closed at GBX 258 ($3.44).

Serabi Gold Trading Down 1.8%

The company has a market cap of £221.52 million, a PE ratio of 590.43 and a beta of 1.06. The firm's 50-day simple moving average is GBX 228.60 and its two-hundred day simple moving average is GBX 186.98.

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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