Serabi Gold (LON:SRB) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Serabi Gold plc (LON:SRB) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 310.02 and traded as high as GBX 350. Serabi Gold shares last traded at GBX 347.98, with a volume of 125,465 shares trading hands.

Serabi Gold Stock Performance

The stock has a market cap of £272.65 million, a P/E ratio of 5.06 and a beta of 0.85. The firm’s 50-day moving average is GBX 318.37 and its two-hundred day moving average is GBX 310.37. The company has a quick ratio of 1.26, a current ratio of 3.41 and a debt-to-equity ratio of 4.21.

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.