Griffin Mining (LON:GFM) Hits New 52-Week High – Still a Buy?

Griffin Mining Limited (LON:GFM) reached a new 52-week high on Tuesday . The stock traded as high as GBX 345 and last traded at GBX 327, with a volume of 26570 shares traded. The stock had previously closed at GBX 331.

Griffin Mining Stock Down 0.9%

The firm has a fifty day simple moving average of GBX 285.32 and a 200 day simple moving average of GBX 226.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The company has a market cap of £577.45 million, a PE ratio of 66.73 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”).