Serabi Gold (LON:SRB) Shares Down 9% – Here’s What Happened

Serabi Gold plc (LON:SRB)’s share price dropped 9% on Friday . The company traded as low as GBX 282 and last traded at GBX 282. Approximately 179,791 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 601,120 shares. The stock had previously closed at GBX 310.

Serabi Gold Trading Down 9.0%

The firm has a market cap of £213.57 million, a PE ratio of 4.76 and a beta of 1.06. The business has a fifty day moving average price of GBX 312.31 and a 200 day moving average price of GBX 264.06.

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. The Palito Mining Complex includes over 50,800 hectares of contiguous and highly prospective exploration tenements that the Company controls, whilst the Coringa project forms part of a eight kilometre continuous strike of historic artisanal mine workings and includes seven separate concessions totalling over 13,000 hectares.