Serabi Gold (LON:SRB) Stock Price Down 9% – Time to Sell?

Shares of Serabi Gold plc (LON:SRB) fell 9% on Friday . The company traded as low as GBX 282 and last traded at GBX 282. 179,791 shares were traded during trading, a decline of 70% from the average session volume of 601,120 shares. The stock had previously closed at GBX 310.

Serabi Gold Trading Down 9.0%

The stock has a market cap of £213.57 million, a price-to-earnings ratio of 4.76 and a beta of 1.06. The firm has a fifty day simple moving average of GBX 312.17 and a 200 day simple moving average of GBX 262.82.

Serabi Gold Company Profile

Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. the Company’s primary interests are its 100% owned Palito Mining Complex and the more recently acquired Coringa Gold Project both located in the Tapajos region of northern Brazil. The Palito Mining Complex includes over 50,800 hectares of contiguous and highly prospective exploration tenements that the Company controls, whilst the Coringa project forms part of a eight kilometre continuous strike of historic artisanal mine workings and includes seven separate concessions totalling over 13,000 hectares.