Griffin Mining (LON:GFM) Reaches New 1-Year High – Here’s What Happened

Griffin Mining Limited (LON:GFM) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 190 ($2.39) and last traded at GBX 188 ($2.36), with a volume of 91992 shares trading hands. The stock had previously closed at GBX 186 ($2.34).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 ($2.39) price objective on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Price Performance

The stock’s 50-day moving average price is GBX 159.79 and its 200 day moving average price is GBX 150.91. The firm has a market cap of £431.30 million, a price-to-earnings ratio of 20.89 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25.

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”).