What’s Propelling Griffin Mining Ltd to Reach 52-Week High?

 What's Propelling Griffin Mining Ltd to Reach 52 Week High?

The stock of Griffin Mining Ltd (LON:GFM) hit a new 52-week high and has GBX 117.90 target or 149.00% above today’s GBX 47.35 share price. The 5 months bullish chart indicates low risk for the GBX 80.28M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 117.90 price target is reached, the company will be worth GBX 119.62M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.21% or GBX 0.1 on November 3, hitting GBX 47.35. About 68,758 shares traded hands. Griffin Mining Ltd (LON:GFM) has risen 122.35% since April 6, 2016 and is uptrending. It has outperformed by 121.14% the S&P500.

Griffin Mining Ltd (LON:GFM) Ratings Coverage

Out of 2 analysts covering Griffin Mining (LON:GFM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. GBX 80 is the highest target while GBX 30 is the lowest. The GBX 43 average target is -9.19% below today’s (GBX 47.35) stock price. Griffin Mining has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained the shares of GFM in a report on Friday, February 26 with “Buy” rating. On Thursday, August 11 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The rating was reinitiated by Panmure Gordon on Thursday, April 14 with “Buy”. The firm has “Buy” rating given on Thursday, January 14 by Cantor Fitzgerald. As per Thursday, April 14, the company rating was maintained by Cantor Fitzgerald. Cantor Fitzgerald maintained Griffin Mining Ltd (LON:GFM) on Tuesday, August 4 with “Buy” rating. As per Tuesday, January 12, the company rating was maintained by Cantor Fitzgerald. The stock has “Buy” rating given by Panmure Gordon on Tuesday, August 4.

Another recent and important Griffin Mining Ltd (LON:GFM) news was published by Economictimes.Indiatimes.com which published an article titled: “Lanco Infratech Ltd in talks to sell stake in Griffin coal mine” on October 10, 2014.

Griffin Mining Limited is a mining and investment company. The company has a market cap of 80.28 million GBP. The Company’s business segment is Caijiaying zinc gold mine in the People’s Republic of China. It currently has negative earnings. The Firm is engaged in exploring, expanding and developing the Caijiaying Mine.

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