Griffin Mining (LON:GFM) Shares Pass Below 200 Day Moving Average of $96.83

Griffin Mining Limited (LON:GFM – Get Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 96.83 ($1.19) and traded as low as GBX 85.20 ($1.04). Griffin Mining shares last traded at GBX 86.90 ($1.06), with a volume of 26,147 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of Griffin Mining from GBX 175 ($2.14) to GBX 160 ($1.96) and set a “buy” rating on the stock in a report on Thursday, July 7th.

Griffin Mining Trading Up 0.2 %

The stock’s 50 day moving average is GBX 91.29 and its two-hundred day moving average is GBX 96.83. The company has a market capitalization of £151.17 million and a PE ratio of 790.00. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 0.37.

Griffin Mining Company Profile

(Get Rating)

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for zinc, gold, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.

See Also

• MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
• Deep Value High Yield Newell Brands Is Ready To Bottom 
• The Colgate-Palmolive Growth Outlook Brightens 
• These Stocks Outperformed Last Time There Was A Recession
• Does Rivian’s Stock Still Have A Future?

Want More Great Investing Ideas?