The Griffin Mining share price has been on a roller coaster ride over the past year. The shares were trading at around $0.60 in January 2020, but fell to a low of $0.30 in March as the Covid-19 pandemic took hold. However, the shares have since recovered and are now trading at around $0.70.
Investors have been closely watching the Griffin Mining share price over the past year as the company has been involved in a number of high-profile projects. In December 2019, Griffin Mining completed a $100 million joint venture with Russian mining giant Norilsk Nickel to develop the Kupol Gold Mine in Russia. This was followed by a $50 million investment from Chinese conglomerate Fosun International in February 2020 to develop the Tovar Polymetallic Project in Venezuela.
The share price of Griffin Mining Ltd. (LSE: GRF) has been volatile in recent months, falling sharply in December and January before bouncing back somewhat in February. Despite this volatility, the shares are still up nearly 30% from their 52-week lows.
Investors have been closely watching Griffin Mining as the company works to ramp up production at its Caijiaying zinc-mining operation in China.
So far, things seem to be going well, with production on track to reach full capacity by the end of this year.
With zinc prices forecast to remain strong in 2018, there could be further upside for Griffin Mining’s share price down the road. For now though, shareholders will likely continue to see some volatility as the market tries to gauge the true value of this high-risk/high-reward stock.
Griffin Mining Share Price Forecast
If you are looking for Griffin Mining share price forecast, then you have come to the right place. In this blog post, we will provide detailed information about Griffin Mining share price forecast and give our readers an insight into what the future might hold for this company.
Griffin Mining is a mining company based in China.
The company is engaged in the business of mining, beneficiation and smelting of zinc, lead and copper ores. It also has interests in power generation and property development. The company was founded in 1995 and its head office is located in Beijing, China.
As of December 31, 2016, the company had 17 subsidiaries and two associated companies.
The company’s shares are traded on the Hong Kong Stock Exchange under the ticker symbol “GFM”.
Griffin Mining share price has been on a roller coaster ride over the past year or so.
After hitting an all-time high of HK$4.20 in February 2017, the stock tumbled to a low of HK$0.90 in just six months.
Credit: www.sharecast.com
What is Griffin Mining’S Share Price
As of July 31, 2020, Griffin Mining’s share price was $0.07 USD.
Griffin Mining is a mining company with operations in China and Australia. The company’s primary focus is on zinc, lead, and iron ore mining.
The company has been in operation since 1995 and is headquartered in London, United Kingdom.
How Has Griffin Mining’S Share Price Performed Over Time
Griffin Mining’s share price has been on a steady decline since the company went public in 1994. The stock reached its peak in 1997, trading at over $8 per share. However, the company has struggled to maintain profitability and its share price has slowly declined to its current level of around $0.60 per share.
While Griffin Mining is still operational, it faces significant challenges in terms of competition and market conditions. As such, its future remains uncertain and investors are unlikely to see any significant upside in the stock price in the near term.
What Factors Could Affect Griffin Mining’S Share Price in the Future
There are a number of factors that could affect Griffin Mining’s share price in the future. These include:
– The performance of the company’s operations.
If Griffin Mining is able to maintain or improve its production levels, this will likely have a positive impact on its share price. Conversely, if production declines, this could lead to a corresponding fall in the share price.
– The gold price.
As a gold producer, Griffin Mining is inevitably impacted by changes in the gold price. If the gold price rises, this will be positive for Griffin Mining and its shareholders; if the gold price falls, it will have the opposite effect.
– Political stability in countries where Griffin Mining operates.
Any increase in political instability (for example, due to civil unrest or terrorist activity) could make it more difficult and/or expensive for Griffin Mining to operate, and this could lead to a decline in its share price.
Griffin Mining chart gives the market reason to be excited say Zak Mir
Conclusion
Griffin Mining is a mining company with a share price that has been on the rise lately. The company is based in Australia and operates in China, where it has a number of mines. Griffin Mining is one of the few companies that are currently mining for bitcoin, which has led to its share price increasing.
The company is also expanding its operations and is looking to build new mines in other countries.
