Serabi Gold (LON:SRB) Given New GBX 130 Price Target at Peel Hunt

Serabi Gold (LON:SRB) had its price target decreased by Peel Hunt from GBX 140 ($1.83) to GBX 130 ($1.70) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a buy rating on the stock.

Shares of SRB traded up GBX 2.75 ($0.04) during trading hours on Wednesday, reaching GBX 61.25 ($0.80). 185,075 shares of the stock traded hands, compared to its average volume of 160,090. The company has a current ratio of 1.10, a quick ratio of 0.61 and a debt-to-equity ratio of 9.23. The stock has a fifty day moving average price of GBX 50.80. Serabi Gold has a 52 week low of GBX 24 ($0.31) and a 52 week high of GBX 73.65 ($0.96). The stock has a market cap of $36.08 million and a P/E ratio of -8.28.

About Serabi Gold

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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