Serabi Gold (LON:SRB) Shares Up 11.6% - Here's Why

Key Points

• Serabi Gold plc shares rose by 11.6% during mid-day trading, reaching a high of GBX 255 ($3.41) before closing at GBX 250 ($3.34).
• The company's trading volume increased by 39% from the average, with 805,795 shares exchanged during the trading session.
• Serabi Gold is a gold exploration and production company with a market capitalization of £189.03 million and focuses on the Palito Mining Complex and the Coringa Gold Project in Brazil.

Shares of Serabi Gold plc (LON:SRB - ) shot up 11.6% during mid-day trading on Thursday . The company traded as high as GBX 255 ($3.41) and last traded at GBX 250 ($3.34). 805,795 shares changed hands during trading, an increase of 39% from the average session volume of 579,140 shares. The stock had previously closed at GBX 224 ($2.99).

Serabi Gold Trading Up 11.4%

The stock has a market capitalization of £189.03 million, a P/E ratio of 5.04 and a beta of 1.06. The stock has a 50 day moving average of GBX 235.60 and a 200-day moving average of GBX 191.40.

Serabi Gold Company Profile

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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