Griffin Mining (LON:GFM) Stock Price Up 8.2% – Should You Buy?

Griffin Mining Limited (LON:GFM)’s stock price rose 8.2% on Tuesday . The stock traded as high as GBX 162 ($2.02) and last traded at GBX 158 ($1.97). Approximately 120,591 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 57,371 shares. The stock had previously closed at GBX 146 ($1.82).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 190 ($2.36) price target on shares of Griffin Mining in a research note on Thursday, January 2nd.

Griffin Mining Stock Performance

The stock has a 50 day simple moving average of GBX 146.44 and a two-hundred day simple moving average of GBX 144.83. The company has a market capitalization of £300.63 million, a price-to-earnings ratio of 1,822.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 0.98.

About Griffin Mining

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”).