Centamin (LON:CEY) Stock Crosses Above 200 Day Moving Average of $109.38

Centamin plc (LON:CEY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 109.38 ($1.38) and traded as high as GBX 128 ($1.62). Centamin shares last traded at GBX 126.20 ($1.60), with a volume of 1,658,343 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 160 ($2.02) target price on shares of Centamin in a research report on Wednesday, June 26th.

Centamin Trading Up 0.8 %

The business’s 50-day moving average price is GBX 120.90 and its 200-day moving average price is GBX 109.38. The firm has a market capitalization of £1.48 billion, a PE ratio of 2,103.33, a price-to-earnings-growth ratio of -1.53 and a beta of 0.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09.

Insider Buying and Selling

In other Centamin news, insider Martin Horgan sold 95,783 shares of Centamin stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 123 ($1.56), for a total value of £117,813.09 ($149,017.32). 0.21% of the stock is owned by company insiders.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.