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Griffin Mining ( (GB:GFM) ) has issued an announcement.
Griffin Mining Limited announced a correction to a previous disclosure regarding share dealings by its Chief Operating Officer, John Steel. The correction clarified that Steel sold 50,000 shares at 180 pence per share, rather than purchasing them. This transaction leaves Steel with a 0.1% stake in the company, reflecting a minor adjustment in insider holdings, which is unlikely to significantly impact the company’s market position or stakeholder interests.
The most recent analyst rating on (GB:GFM) stock is a Hold with a £196.00 price target. To see the full list of analyst forecasts on Griffin Mining stock, see the GB:GFM Stock Forecast page.
Spark’s Take on GB:GFM Stock
According to Spark, TipRanks’ AI Analyst, GB:GFM is a Neutral.
Griffin Mining’s overall stock score is driven by a stable financial position and strong balance sheet, but is tempered by declining revenue and profitability margins, as well as negative free cash flow. The technical analysis indicates a neutral market sentiment, while the high P/E ratio suggests overvaluation. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:GFM stock, click here.
More about Griffin Mining
Griffin Mining Limited is a company operating in the mining industry, with its shares quoted on the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol GFM.
Average Trading Volume: 229,704
Technical Sentiment Signal: Buy
Current Market Cap: £330.4M
Learn more about GFM stock on TipRanks’ Stock Analysis page.