Shares of Serabi Gold plc (LON:SRB – Get Free Report) fell 11.1% during trading on Wednesday. The stock traded as low as GBX 185 and last traded at GBX 200. 1,522,728 shares traded hands during trading, an increase of 320% from the average daily volume of 362,145 shares. The stock had previously closed at GBX 225.
Serabi Gold Trading Down 11.1%
The company’s fifty day moving average is GBX 272.62 and its 200-day moving average is GBX 297.59. The company has a current ratio of 4.02, a quick ratio of 1.26 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of £152.62 million, a P/E ratio of 2.33 and a beta of 0.85.
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.
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