Serabi Gold’s (SRB) “Buy” Rating Reiterated at Peel Hunt

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

SRB stock opened at GBX 66 ($0.86) on Wednesday. Serabi Gold has a 52 week low of GBX 24 ($0.31) and a 52 week high of GBX 73.65 ($0.96). The company has a market capitalization of $38.88 million and a price-to-earnings ratio of -8.92. The firm’s 50-day moving average is GBX 59.66 and its two-hundred day moving average is GBX 44.92. 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 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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