Serabi Gold (LON:SRB) Sets New 12-Month High – Here’s Why

Serabi Gold plc (LON:SRB) reached a new 52-week high on Wednesday . The company traded as high as GBX 113.75 ($1.44) and last traded at GBX 112.25 ($1.42), with a volume of 500922 shares changing hands. The stock had previously closed at GBX 107 ($1.36).

Serabi Gold Stock Performance

The firm has a market cap of £86.33 million, a P/E ratio of 1,036.36 and a beta of 1.06. The business’s fifty day simple moving average is GBX 89.84 and its 200-day simple moving average is GBX 77.24. The company has a current ratio of 2.09, a quick ratio of 1.26 and a debt-to-equity ratio of 6.50.

Serabi Gold Company Profile

Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil. The company explores for and produces gold and copper deposits. It primarily holds 100% interests in the Palito mining complex covering an area of approximately 56,631 hectares; and the Coringa Gold Project located in the Tapajos region of northern Brazil.