Serabi Gold (LON:SRB) Sets New 12-Month High – Still a Buy?

Shares of Serabi Gold plc (LON:SRB) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 310 and last traded at GBX 294, with a volume of 355148 shares. The stock had previously closed at GBX 300.

Serabi Gold Stock Performance

The business’s 50 day simple moving average is GBX 264.36 and its 200-day simple moving average is GBX 229.23. The company has a market cap of £222.66 million, a price-to-earnings ratio of 4.96 and a beta of 1.06.

Serabi Gold Company Profile

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.