Serabi Gold (LON:SRB) Shares Cross Below 200-Day Moving Average – What’s Next?

by · The Markets Daily

Serabi Gold plc (LON:SRB – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 297.96 and traded as low as GBX 221.80. Serabi Gold shares last traded at GBX 224, with a volume of 169,456 shares changing hands.

Serabi Gold Stock Performance

The firm has a 50 day moving average price of GBX 272.62 and a 200-day moving average price of GBX 297.59. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.26 and a current ratio of 4.02. The company has a market cap of £152.62 million, a P/E ratio of 2.33 and a beta of 0.85.

Serabi Gold Company Profile

(Get Free Report)

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.

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