Griffin Mining (LON:GFM) Shares Cross Above 200 Day Moving Average – Time to Sell?

Griffin Mining Limited (LON:GFM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 221.66 and traded as high as GBX 325. Griffin Mining shares last traded at GBX 321.98, with a volume of 73,532 shares.

Griffin Mining Stock Up 1.2%

The company has a market cap of £577.45 million, a PE ratio of 66.73 and a beta of 0.76. The company has a fifty day moving average of GBX 275.76 and a two-hundred day moving average of GBX 221.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76.

Griffin Mining Company Profile

Griffin Mining Limited (“Griffin” or “the Company”) is a mining and investment company, incorporated in Bermuda in 1988 whose shares were admitted to trading on the Alternative Investment Market of the London Stock Exchange (“AIM”) in 1997.
The major asset of the Company is an 88.8% interest in Hebei Hua Ao Mining Industry Company Limited (“Hebei Hua Ao”) through its wholly-owned Hong Kong subsidiary, China Zinc Limited (“China Zinc”), which holds licences, the operating mine and processing facilities (the “Caijiaying Mine”) near Zhangjiakou City in the People’s Republic of China (“PRC” or “China”).