Griffin Mining (LON:GFM) Reaches New 12-Month High at $115.00

Griffin Mining Limited (LON:GFM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 115 ($1.45) and last traded at GBX 113 ($1.43), with a volume of 177508 shares trading hands. The stock had previously closed at GBX 113.25 ($1.43).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 130 ($1.64) price objective on shares of Griffin Mining in a research note on Friday, January 19th.

Griffin Mining Price Performance

The stock has a market cap of £208.52 million, a price-to-earnings ratio of 2,825.00 and a beta of 0.87. The stock’s 50 day moving average price is GBX 101.31 and its two-hundred day moving average price is GBX 92.76. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.31.

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, 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.