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

Griffin Mining Limited (LON:GFM) hit a new 52-week high on Wednesday . The stock traded as high as GBX 320 and last traded at GBX 320, with a volume of 46768 shares changing hands. The stock had previously closed at GBX 312.

Griffin Mining Stock Up 2.6%

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 stock’s 50-day moving average price is GBX 264.90 and its 200-day moving average price is GBX 216.13. The company has a market cap of £565.09 million, a P/E ratio of 65.31 and a beta of 0.76.

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”).