Griffin Mining Ltd (LON:GFM) Insider Acquires £32,000 in Stock

Griffin Mining Ltd (LON:GFM) insider Adam Usdan acquired 100,000 shares of Griffin Mining stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of GBX 32 ($0.42) per share, with a total value of £32,000 ($42,094.19).

Adam Usdan also recently made the following trade(s):

  • On Friday, March 20th, Adam Usdan acquired 20,000 shares of Griffin Mining stock. The stock was acquired at an average cost of GBX 35 ($0.46) per share, with a total value of £7,000 ($9,208.10).

Shares of GFM stock opened at GBX 38 ($0.50) on Friday. Griffin Mining Ltd has a 1 year low of GBX 43 ($0.57) and a 1 year high of GBX 118.50 ($1.56). The firm has a market capitalization of $65.66 million and a PE ratio of 5.35. The stock has a fifty day moving average of GBX 51.99 and a two-hundred day moving average of GBX 71.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.93.

Separately, Panmure Gordon lowered their target price on Griffin Mining from GBX 96 ($1.26) to GBX 47 ($0.62) and set a “sell” rating on the stock in a research report on Friday, February 7th.

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company explores for zinc, gold, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.

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