Griffin Mining (LON:GFM) Shares Up 8.2% – What’s Next?

Griffin Mining Limited (LON:GFM) was up 8.2% on Tuesday . The company 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).

Wall Street Analyst Weigh In

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

Griffin Mining Price Performance

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

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”).