Centamin (LON:CEY) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Centamin plc (LON:CEY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 132.72 ($1.73) and traded as high as GBX 155.50 ($2.02). Centamin shares last traded at GBX 150.50 ($1.96), with a volume of 2,606,602 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on CEY shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 ($2.08) target price on shares of Centamin in a report on Wednesday, August 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 ($1.95) price objective on shares of Centamin in a research note on Tuesday, September 10th.

Centamin Stock Performance

The company has a market capitalization of £1.75 billion, a PE ratio of 3,010.00, a P/E/G ratio of -1.53 and a beta of 0.56. The stock’s 50-day simple moving average is GBX 150.42 and its 200 day simple moving average is GBX 132.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 3.44.

About Centamin

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.