Serabi Gold plc (LON:SRB – Get Free Report) shares were up 11.7% during trading on Wednesday . The company traded as high as GBX 280 and last traded at GBX 277. 561,746 shares traded hands during trading, an increase of 45% from the average daily volume of 387,320 shares. The stock had previously closed at GBX 248.
Serabi Gold Trading Up 11.7%
The business has a 50-day moving average of GBX 300.47 and a 200-day moving average of GBX 313.60. The stock has a market capitalization of £211.37 million, a price-to-earnings ratio of 3.17 and a beta of 0.84. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.26 and a current ratio of 4.22.
About Serabi Gold
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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