Serabi Gold (LON:SRB) Stock Passes Above Two Hundred Day Moving Average of $48.97
Serabi Gold PLC (LON:SRB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.97 and traded as high as $88.00. Serabi Gold shares last traded at $86.25, with a volume of 74,133 shares.
Separately, Peel Hunt reiterated a “buy” rating on shares of Serabi Gold in a research report on Friday, September 6th.
The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 8.57. The company has a 50-day moving average price of GBX 67.49 and a 200-day moving average price of GBX 49.21. The firm has a market capitalization of $51.25 million and a price-to-earnings ratio of -14.50.
Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company's primary assets include the Palito mining complex covering an area of approximately 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares located in the Tapajos region of northern Brazil.
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