Serabi Mining (LON:SRB) shares dropped 8% during trading on Thursday . The company traded as low as GBX 3 ($0.04) and last traded at GBX 3.45 ($0.05). Approximately 823,142 shares were traded during mid-day trading, an increase of 414% from the average daily volume of 160,090 shares. The stock had previously closed at GBX 3.75 ($0.05).
Separately, Peel Hunt reissued an “under review” rating on shares of Serabi Mining in a report on Thursday, March 29th.
About Serabi Mining
Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United Kingdom. It also explores for copper deposits. The company's primary assets include the Palito mining complex covering an area of approximately 50, 800 hectares; and the Coringa gold project covering an area of approximately 13, 000 hectares located in the Tapajos region of northern Brazil.
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