The stock of Griffin Mining Ltd (LON:GFM) is a huge mover today! The stock increased 3.70% or GBX 1.88 on November 29, hitting GBX 52.5. About 1.38 million shares traded hands or 599.85% up from the average. Griffin Mining Ltd (LON:GFM) has risen 78.41% since April 29, 2016 and is uptrending. It has outperformed by 73.15% the S&P500.
The move comes after 8 months positive chart setup for the GBX 88.99 million company. It was reported on Nov, 29 by Barchart.com. We have GBX 55.65 PT which if reached, will make LON:GFM worth GBX 5.34M more.
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. Griffin Mining has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Thursday, August 11, the company rating was maintained by Cantor Fitzgerald. Panmure Gordon reinitiated the shares of GFM in a report on Thursday, April 14 with “Buy” rating. The stock of Griffin Mining Ltd (LON:GFM) earned “Buy” rating by Cantor Fitzgerald on Tuesday, January 12. The rating was maintained by Cantor Fitzgerald with “Buy” on Friday, February 26. On Thursday, April 14 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Panmure Gordon maintained the shares of GFM in a report on Tuesday, August 4 with “Buy” rating. The stock has “Buy” rating given by Cantor Fitzgerald on Tuesday, August 4. The rating was maintained by Cantor Fitzgerald on Thursday, January 14 with “Buy”.
Griffin Mining Limited is a mining and investment company. The company has a market cap of 88.99 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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