Serabi Gold (LON:SRB) Stock Crosses Above 200-Day Moving Average of $48.97
Serabi Gold PLC (LON:SRB)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $48.97 and traded as high as $88.00. Serabi Gold shares last traded at $86.25, with a volume of 74,133 shares trading hands.
Separately, Peel Hunt reissued a “buy” rating on shares of Serabi Gold in a report on Friday, September 6th.
The company has a debt-to-equity ratio of 8.57, a current ratio of 0.97 and a quick ratio of 0.52. The stock has a market capitalization of $51.25 million and a P/E ratio of -14.50. The company has a fifty day moving average of GBX 67.49 and a two-hundred day moving average of GBX 49.21.
Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company's primary assets include the Palito mining complex covering an area of approximately 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares located in the Tapajos region of northern Brazil.
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