Serabi Gold (LON:SRB) Shares Down 14.5% – What’s Next?

Serabi Gold plc (LON:SRB)’s stock price dropped 14.5% on Thursday . The stock traded as low as GBX 242.50 and last traded at GBX 242.69. Approximately 731,371 shares were traded during trading, an increase of 33% from the average daily volume of 548,590 shares. The stock had previously closed at GBX 284.

Serabi Gold Trading Down 14.5%

The business has a 50 day moving average of GBX 326.93 and a 200-day moving average of GBX 285.30. The company has a current ratio of 2.86, a quick ratio of 1.26 and a debt-to-equity ratio of 4.18. The firm has a market capitalization of £183.80 million, a P/E ratio of 4.09 and a beta of 0.65.

About Serabi Gold

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.