Serabi Gold (LON:SRB) Hits New 12-Month High – Time to Buy?

Serabi Gold plc (LON:SRBGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 360 and last traded at GBX 354, with a volume of 594586 shares trading hands. The stock had previously closed at GBX 351.

Serabi Gold Trading Up 0.3%

The firm’s fifty day moving average price is GBX 298.07 and its 200-day moving average price is GBX 250.41. The company has a market cap of £271.89 million, a price-to-earnings ratio of 6.06 and a beta of 1.06.

Serabi Gold Company Profile

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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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