Serabi Gold (LON:SRB) Share Price Passes Above 200 Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemSerabi Gold plc (LON:SRB – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 289.32 and traded as high as GBX 300. Serabi Gold shares last traded at GBX 287.50, with a volume of 390,060 shares trading hands.
Serabi Gold Price Performance
The stock has a market cap of £217.74 million, a price-to-earnings ratio of 4.85 and a beta of 0.65. The company has a quick ratio of 1.26, a current ratio of 2.86 and a debt-to-equity ratio of 4.18. The company’s 50-day moving average is GBX 310.40 and its 200-day moving average is GBX 289.32.
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.