Serabi Gold (LON:SRB) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reiterated their buy rating on shares of Serabi Gold (LON:SRB) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.

Shares of LON SRB traded up GBX 3.25 ($0.04) during mid-day trading on Friday, hitting GBX 52.75 ($0.69). The company’s stock had a trading volume of 716,472 shares, compared to its average volume of 160,090. The stock has a market capitalization of $31.08 million and a PE ratio of -7.13. The company has a current ratio of 1.10, a quick ratio of 0.61 and a debt-to-equity ratio of 9.23. Serabi Gold has a one year low of GBX 24 ($0.31) and a one year high of GBX 73.65 ($0.96). The company has a fifty day simple moving average of GBX 60.16.

Serabi Gold Company Profile

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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