Serabi Gold (LON:SRB) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Serabi Gold plc (LON:SRB) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 289.32 and traded as high as GBX 300. Serabi Gold shares last traded at GBX 287.50, with a volume of 390,060 shares trading hands.

Serabi Gold Stock Performance

The company has a quick ratio of 1.26, a current ratio of 2.86 and a debt-to-equity ratio of 4.18. The firm has a 50-day moving average of GBX 310.40 and a 200 day moving average of GBX 289.32. The stock has a market capitalization of £217.74 million, a P/E ratio of 4.85 and a beta of 0.65.

About Serabi Gold

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.