Shares of Griffin Mining Limited (LON:GFM – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 145.34 ($1.77) and traded as high as GBX 149 ($1.81). Griffin Mining shares last traded at GBX 147 ($1.79), with a volume of 92,604 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 190 ($2.31) price target on shares of Griffin Mining in a report on Thursday, January 2nd.
Check Out Our Latest Stock Analysis on Griffin Mining
Griffin Mining Price Performance
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”).
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