The stock of Griffin Mining Ltd (LON:GFM) hit a new 52-week high and has GBX 55.65 target or 6.00% above today’s GBX 52.50 share price. The 7 months bullish chart indicates low risk for the GBX 88.99M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 55.65 price target is reached, the company will be worth GBX 5.34M 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 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.
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 -18.10% below today’s (GBX 52.5) stock price. Griffin Mining has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Cantor Fitzgerald on Tuesday, August 4 with “Buy”. The stock of Griffin Mining Ltd (LON:GFM) earned “Buy” rating by Cantor Fitzgerald on Thursday, April 14. Cantor Fitzgerald maintained the shares of GFM in a report on Thursday, January 14 with “Buy” rating. Cantor Fitzgerald maintained the shares of GFM in a report on Friday, February 26 with “Buy” rating. The rating was maintained by Cantor Fitzgerald on Thursday, August 11 with “Buy”. The rating was maintained by Panmure Gordon with “Buy” on Tuesday, August 4. As per Thursday, April 14, the company rating was reinitiated by Panmure Gordon. The stock has “Buy” rating given by Cantor Fitzgerald on Tuesday, January 12.
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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