Serabi Gold PLC (LON:SRB) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 28 ($0.37) and last traded at GBX 29.50 ($0.39), with a volume of 226742 shares. The stock had previously closed at GBX 29 ($0.38).
Separately, Peel Hunt restated a “buy” rating and issued a GBX 140 ($1.83) price target on shares of Serabi Gold in a research report on Monday, April 15th.
The company has a debt-to-equity ratio of 9.80, a quick ratio of 0.56 and a current ratio of 1.01. The stock has a market capitalization of $17.38 million and a PE ratio of -2.63.
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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