Serabi Gold (LON:SRB) Sets New 52-Week High – Here’s Why

Serabi Gold plc (LON:SRBGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 113.75 ($1.45) and last traded at GBX 112.25 ($1.43), with a volume of 500922 shares. The stock had previously closed at GBX 107 ($1.37).

Serabi Gold Stock Up 4.9 %

The business has a 50 day simple moving average of GBX 88.42 and a 200-day simple moving average of GBX 76.68. The company has a debt-to-equity ratio of 6.50, a quick ratio of 1.26 and a current ratio of 2.09. The firm has a market capitalization of £85.01 million, a price-to-earnings ratio of 972.73 and a beta of 1.06.

Serabi Gold Company Profile

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Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil. The company explores for and produces gold and copper deposits. It primarily holds 100% interests in the Palito mining complex covering an area of approximately 56,631 hectares; and the Coringa Gold Project located in the Tapajos region of northern Brazil.

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