25 XP   0   0   10

Griffin Mining
Buy, Hold or Sell?

Let's analyse Griffin Mining together

PenkeI guess you are interested in Griffin Mining. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Griffin Mining. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Griffin Mining

I send you an email if I find something interesting about Griffin Mining.

Quick analysis of Griffin Mining (30 sec.)










What can you expect buying and holding a share of Griffin Mining? (30 sec.)

How much money do you get?

How much money do you get?
p0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
p103.78
Expected worth in 1 year
p77.45
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
p-26.33
Return On Investment
-23.2%

For what price can you sell your share?

Current Price per Share
p113.25
Expected price per share
p101.00 - p115.00
How sure are you?
50%

1. Valuation of Griffin Mining (5 min.)




Live pricePrice per Share (EOD)

p113.25

Intrinsic Value Per Share

p-206.31 - p37.52

Total Value Per Share

p-102.53 - p141.30

2. Growth of Griffin Mining (5 min.)




Is Griffin Mining growing?

Current yearPrevious yearGrowGrow %
How rich?$245.2m$262.3m-$17m-7.0%

How much money is Griffin Mining making?

Current yearPrevious yearGrowGrow %
Making money$7.6m$25.3m-$17.6m-229.4%
Net Profit Margin7.7%19.7%--

How much money comes from the company's main activities?

3. Financial Health of Griffin Mining (5 min.)




4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#119 / 897

Most Revenue
#114 / 897

Most Profit
#97 / 897

What can you expect buying and holding a share of Griffin Mining? (5 min.)

Welcome investor! Griffin Mining's management wants to use your money to grow the business. In return you get a share of Griffin Mining.

What can you expect buying and holding a share of Griffin Mining?

First you should know what it really means to hold a share of Griffin Mining. And how you can make/lose money.

Speculation

The Price per Share of Griffin Mining is p113.25. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Griffin Mining.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Griffin Mining, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is p103.78. Based on the TTM, the Book Value Change Per Share is p-6.58 per quarter. Based on the YOY, the Book Value Change Per Share is p10.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is p0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Griffin Mining.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 p% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Share
Usd Eps0.040.0%0.040.0%0.130.1%0.080.1%0.070.1%
Usd Book Value Change Per Share-0.08-0.1%-0.08-0.1%0.130.1%0.060.1%0.050.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.08-0.1%-0.08-0.1%0.130.1%0.060.1%0.050.0%
Usd Price Per Share0.95-0.95-1.14-1.05-0.85-
Price to Earnings Ratio23.09-23.09-8.49-18.26-46.54-
Price-to-Total Gains Ratio-11.42--11.42-8.98-11.18-7.93-
Price to Book Ratio0.72-0.72-0.82-0.84-0.80-
Price-to-Total Gains Ratio-11.42--11.42-8.98-11.18-7.93-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.4289885
Number of shares699
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.080.06
Usd Total Gains Per Share-0.080.06
Gains per Quarter (699 shares)-58.0641.35
Gains per Year (699 shares)-232.23165.39
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-232-2420165155
20-464-4740331320
30-697-7060496485
40-929-9380662650
50-1161-11700827815
60-1393-14020992980
70-1626-1634011581145
80-1858-1866013231310
90-2090-2098014891475
100-2322-2330016541640

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%17.01.00.094.4%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.03.00.070.0%13.05.00.072.2%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%2.00.016.011.1%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.03.00.070.0%13.05.00.072.2%

Fundamentals of Griffin Mining

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China. The company was formerly known as European Mining Finance Ltd. and changed its name to Griffin Mining Limited in January 1998. Griffin Mining Limited was founded in 1988 and is based in London, the United Kingdom.

Fundamental data was last updated by Penke on 2024-03-09 14:13:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Griffin Mining.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Griffin Mining earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of 7.7% means that 0.08 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Griffin Mining:

  • The MRQ is 7.7%. The company is making a profit. +1
  • The TTM is 7.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.7%TTM7.7%0.0%
TTM7.7%YOY19.7%-12.0%
TTM7.7%5Y14.4%-6.7%
5Y14.4%10Y12.3%+2.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7%-36.1%+43.8%
TTM7.7%-40.5%+48.2%
YOY19.7%-50.7%+70.4%
5Y14.4%-330.2%+344.6%
10Y12.3%-750.2%+762.5%
1.1.2. Return on Assets

Shows how efficient Griffin Mining is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • 2.5% Return on Assets means that Griffin Mining generated 0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Griffin Mining:

  • The MRQ is 2.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.5%TTM2.5%0.0%
TTM2.5%YOY7.9%-5.4%
TTM2.5%5Y5.2%-2.7%
5Y5.2%10Y4.8%+0.4%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5%-6.0%+8.5%
TTM2.5%-6.8%+9.3%
YOY7.9%-5.9%+13.8%
5Y5.2%-9.2%+14.4%
10Y4.8%-12.0%+16.8%
1.1.3. Return on Equity

Shows how efficient Griffin Mining is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • 3.1% Return on Equity means Griffin Mining generated 0.03 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Griffin Mining:

  • The MRQ is 3.1%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.1%TTM3.1%0.0%
TTM3.1%YOY9.7%-6.5%
TTM3.1%5Y6.3%-3.2%
5Y6.3%10Y6.2%+0.1%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ3.1%-6.9%+10.0%
TTM3.1%-7.5%+10.6%
YOY9.7%-6.2%+15.9%
5Y6.3%-9.9%+16.2%
10Y6.2%-12.8%+19.0%

1.2. Operating Efficiency of Griffin Mining.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Griffin Mining is operating .

  • Measures how much profit Griffin Mining makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of 15.8% means the company generated 0.16  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Griffin Mining:

  • The MRQ is 15.8%. The company is operating efficient. +1
  • The TTM is 15.8%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.8%TTM15.8%0.0%
TTM15.8%YOY28.9%-13.1%
TTM15.8%5Y23.7%-7.9%
5Y23.7%10Y23.2%+0.4%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ15.8%-285.5%+301.3%
TTM15.8%-46.7%+62.5%
YOY28.9%-76.4%+105.3%
5Y23.7%-361.7%+385.4%
10Y23.2%-693.1%+716.3%
1.2.2. Operating Ratio

Measures how efficient Griffin Mining is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of 0.84 means that the operating costs are 0.84 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Griffin Mining:

  • The MRQ is 0.844. The company is less efficient in keeping operating costs low.
  • The TTM is 0.844. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.844TTM0.8440.000
TTM0.844YOY0.713+0.130
TTM0.8445Y0.767+0.077
5Y0.76710Y0.760+0.007
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8441.949-1.105
TTM0.8441.923-1.079
YOY0.7132.082-1.369
5Y0.7674.850-4.083
10Y0.7608.674-7.914

1.3. Liquidity of Griffin Mining.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Griffin Mining is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 0.96 means the company has 0.96 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Griffin Mining:

  • The MRQ is 0.956. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.956. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.956TTM0.9560.000
TTM0.956YOY1.096-0.141
TTM0.9565Y0.900+0.055
5Y0.90010Y0.692+0.208
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9562.373-1.417
TTM0.9562.608-1.652
YOY1.0963.429-2.333
5Y0.9004.122-3.222
10Y0.6924.619-3.927
1.3.2. Quick Ratio

Measures if Griffin Mining is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 0.72 means the company can pay off 0.72 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Griffin Mining:

  • The MRQ is 0.722. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.722. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.722TTM0.7220.000
TTM0.722YOY0.933-0.211
TTM0.7225Y0.711+0.011
5Y0.71110Y0.429+0.282
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7220.893-0.171
TTM0.7220.856-0.134
YOY0.9331.119-0.186
5Y0.7111.324-0.613
10Y0.4291.428-0.999

1.4. Solvency of Griffin Mining.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Griffin Mining assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Griffin Mining to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.20 means that Griffin Mining assets are financed with 19.7% credit (debt) and the remaining percentage (100% - 19.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Griffin Mining:

  • The MRQ is 0.197. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.197. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.197TTM0.1970.000
TTM0.197YOY0.181+0.016
TTM0.1975Y0.180+0.017
5Y0.18010Y0.274-0.094
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1970.192+0.005
TTM0.1970.190+0.007
YOY0.1810.151+0.030
5Y0.1800.212-0.032
10Y0.2740.238+0.036
1.4.2. Debt to Equity Ratio

Measures if Griffin Mining is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 24.5% means that company has 0.24 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Griffin Mining:

  • The MRQ is 0.245. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.245. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.245TTM0.2450.000
TTM0.245YOY0.221+0.024
TTM0.2455Y0.221+0.024
5Y0.22110Y0.410-0.190
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2450.194+0.051
TTM0.2450.207+0.038
YOY0.2210.155+0.066
5Y0.2210.227-0.006
10Y0.4100.249+0.161

2. Market Valuation of Griffin Mining

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every 1 in earnings Griffin Mining generates.

  • Above 15 is considered overpriced but always compare Griffin Mining to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of 23.09 means the investor is paying 23.09 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Griffin Mining:

  • The EOD is 34.769. Based on the earnings, the company is overpriced. -1
  • The MRQ is 23.087. Based on the earnings, the company is fair priced.
  • The TTM is 23.087. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD34.769MRQ23.087+11.682
MRQ23.087TTM23.0870.000
TTM23.087YOY8.485+14.602
TTM23.0875Y18.259+4.829
5Y18.25910Y46.536-28.278
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD34.769-3.757+38.526
MRQ23.087-5.001+28.088
TTM23.087-5.557+28.644
YOY8.485-8.469+16.954
5Y18.259-10.469+28.728
10Y46.536-11.327+57.863
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Griffin Mining:

  • The EOD is -48.116. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -31.950. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -31.950. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-48.116MRQ-31.950-16.166
MRQ-31.950TTM-31.9500.000
TTM-31.950YOY9.411-41.361
TTM-31.9505Y-1,201.638+1,169.689
5Y-1,201.63810Y-598.497-603.142
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-48.116-3.890-44.226
MRQ-31.950-5.447-26.503
TTM-31.950-6.302-25.648
YOY9.411-8.457+17.868
5Y-1,201.638-12.796-1,188.842
10Y-598.497-13.886-584.611
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Griffin Mining is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 0.72 means the investor is paying 0.72 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Griffin Mining:

  • The EOD is 1.091. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.725. Based on the equity, the company is cheap. +2
  • The TTM is 0.725. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.091MRQ0.725+0.367
MRQ0.725TTM0.7250.000
TTM0.725YOY0.820-0.095
TTM0.7255Y0.844-0.120
5Y0.84410Y0.799+0.045
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD1.0911.164-0.073
MRQ0.7251.506-0.781
TTM0.7251.591-0.866
YOY0.8202.243-1.423
5Y0.8442.497-1.653
10Y0.7992.940-2.141
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Griffin Mining compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---6.583-6.5830%10.083-165%4.688-240%4.205-257%
Book Value Per Share--103.781103.7810%110.364-6%98.767+5%82.385+26%
Current Ratio--0.9560.9560%1.096-13%0.900+6%0.692+38%
Debt To Asset Ratio--0.1970.1970%0.181+9%0.180+9%0.274-28%
Debt To Equity Ratio--0.2450.2450%0.221+11%0.221+11%0.410-40%
Dividend Per Share----0%-0%-0%-0%
Eps--3.2573.2570%10.666-69%6.204-48%5.439-40%
Free Cash Flow Per Share---2.354-2.3540%9.616-124%1.258-287%4.228-156%
Free Cash Flow To Equity Per Share---2.424-2.4240%9.358-126%0.534-554%0.711-441%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--37.517--------
Intrinsic Value_10Y_min---206.313--------
Intrinsic Value_1Y_max--4.137--------
Intrinsic Value_1Y_min---4.315--------
Intrinsic Value_3Y_max--12.141--------
Intrinsic Value_3Y_min---27.211--------
Intrinsic Value_5Y_max--19.800--------
Intrinsic Value_5Y_min---65.544--------
Market Cap20898022500.000+33%14083265744.00014083265744.0000%17048725664.500-17%15563944376.800-10%12650203345.500+11%
Net Profit Margin--0.0770.0770%0.197-61%0.144-46%0.123-37%
Operating Margin--0.1580.1580%0.289-45%0.237-33%0.232-32%
Operating Ratio--0.8440.8440%0.713+18%0.767+10%0.760+11%
Pb Ratio1.091+34%0.7250.7250%0.820-12%0.844-14%0.799-9%
Pe Ratio34.769+34%23.08723.0870%8.485+172%18.259+26%46.536-50%
Price Per Share113.250+34%75.20075.2000%90.500-17%83.140-10%67.695+11%
Price To Free Cash Flow Ratio-48.116-51%-31.950-31.9500%9.411-439%-1201.638+3661%-598.497+1773%
Price To Total Gains Ratio-17.205-51%-11.424-11.4240%8.976-227%11.178-202%7.926-244%
Quick Ratio--0.7220.7220%0.933-23%0.711+2%0.429+68%
Return On Assets--0.0250.0250%0.079-68%0.052-51%0.048-48%
Return On Equity--0.0310.0310%0.097-68%0.063-50%0.062-50%
Total Gains Per Share---6.583-6.5830%10.083-165%4.688-240%4.205-257%
Usd Book Value--245242422.157245242422.1570%262337906.586-7%233374793.015+5%193941182.288+26%
Usd Book Value Change Per Share---0.083-0.0830%0.127-165%0.059-240%0.053-257%
Usd Book Value Per Share--1.3101.3100%1.393-6%1.246+5%1.040+26%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0410.0410%0.135-69%0.078-48%0.069-40%
Usd Free Cash Flow---5561952.067-5561952.0670%22857255.145-124%3000277.000-285%10018507.373-156%
Usd Free Cash Flow Per Share---0.030-0.0300%0.121-124%0.016-287%0.053-156%
Usd Free Cash Flow To Equity Per Share---0.031-0.0310%0.118-126%0.007-554%0.009-441%
Usd Market Cap263691247.905+33%177702647.158177702647.1580%215120820.435-17%196385850.146-10%159620265.814+11%
Usd Price Per Share1.429+34%0.9490.9490%1.142-17%1.049-10%0.854+11%
Usd Profit--7697014.3217697014.3210%25352990.058-70%14696861.379-48%12883007.602-40%
Usd Revenue--99918315.83999918315.8390%128749149.466-22%97771863.922+2%85786541.597+16%
Usd Total Gains Per Share---0.083-0.0830%0.127-165%0.059-240%0.053-257%
 EOD+4 -4MRQTTM+0 -0YOY+3 -305Y+8 -2510Y+13 -20

3.2. Fundamental Score

Let's check the fundamental score of Griffin Mining based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1534.769
Price to Book Ratio (EOD)Between0-11.091
Net Profit Margin (MRQ)Greater than00.077
Operating Margin (MRQ)Greater than00.158
Quick Ratio (MRQ)Greater than10.722
Current Ratio (MRQ)Greater than10.956
Debt to Asset Ratio (MRQ)Less than10.197
Debt to Equity Ratio (MRQ)Less than10.245
Return on Equity (MRQ)Greater than0.150.031
Return on Assets (MRQ)Greater than0.050.025
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Griffin Mining based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5072.971
Ma 20Greater thanMa 50107.513
Ma 50Greater thanMa 100101.730
Ma 100Greater thanMa 20094.060
OpenGreater thanClose113.000
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Net Interest Income  -4,751-11,560-16,311-3,563-19,8746,572-13,30231,83018,528



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets305,590
Total Liabilities60,125
Total Stockholder Equity245,465
 As reported
Total Liabilities 60,125
Total Stockholder Equity+ 245,465
Total Assets = 305,590

Assets

Total Assets305,590
Total Current Assets45,648
Long-term Assets258,448
Total Current Assets
Cash And Cash Equivalents 34,138
Net Receivables 349
Inventory 8,426
Other Current Assets 3,084
Total Current Assets  (as reported)45,648
Total Current Assets  (calculated)45,997
+/- 349
Long-term Assets
Property Plant Equipment 258,041
Intangible Assets 407
Other Assets 1,494
Long-term Assets  (as reported)258,448
Long-term Assets  (calculated)259,942
+/- 1,494

Liabilities & Shareholders' Equity

Total Current Liabilities47,759
Long-term Liabilities12,366
Total Stockholder Equity245,465
Total Current Liabilities
Short-term Debt 169
Accounts payable 17,010
Other Current Liabilities 30,749
Total Current Liabilities  (as reported)47,759
Total Current Liabilities  (calculated)47,928
+/- 169
Long-term Liabilities
Capital Lease Obligations 852
Long-term Liabilities  (as reported)12,366
Long-term Liabilities  (calculated)852
+/- 11,514
Total Stockholder Equity
Common Stock1,749
Retained Earnings 202,132
Other Stockholders Equity 41,584
Total Stockholder Equity (as reported)245,465
Total Stockholder Equity (calculated)245,465
+/-0
Other
Capital Stock1,749
Cash and Short Term Investments 34,138
Common Stock Shares Outstanding 187,277
Current Deferred Revenue-169
Liabilities and Stockholders Equity 305,590
Net Debt -33,286
Net Invested Capital 245,465
Net Working Capital -2,111
Property Plant and Equipment Gross 378,526
Short Long Term Debt Total 852



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
5,696
7,605
7,408
13,451
30,221
36,782
69,177
253,874
138,684
144,310
156,111
188,825
209,936
233,769
254,641
246,560
233,881
253,490
251,378
254,194
295,477
320,532
305,590
305,590320,532295,477254,194251,378253,490233,881246,560254,641233,769209,936188,825156,111144,310138,684253,87469,17736,78230,22113,4517,4087,6055,696
   > Total Current Assets 
0
0
0
0
0
9,293
36,248
208,743
75,984
75,689
73,009
98,202
27,163
38,473
44,388
34,438
27,598
36,760
36,222
25,585
28,443
44,849
45,648
45,64844,84928,44325,58536,22236,76027,59834,43844,38838,47327,16398,20273,00975,68975,984208,74336,2489,29300000
       Cash And Cash Equivalents 
370
2,581
1,737
6,831
12,985
6,663
34,081
199,949
67,192
67,630
66,450
91,089
16,764
26,278
23,371
24,062
13,218
26,518
28,452
19,885
16,435
38,159
34,138
34,13838,15916,43519,88528,45226,51813,21824,06223,37126,27816,76491,08966,45067,63067,192199,94934,0816,66312,9856,8311,7372,581370
       Short-term Investments 
501
17
29
62
27
64
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000006427622917501
       Net Receivables 
261
12
10
33
108
107
565
1,695
457
489
763
849
2,810
1,878
745
1,277
4,020
276
558
0
4,485
0
349
34904,48505582764,0201,2777451,8782,8108497634894571,695565107108331012261
       Inventory 
0
0
0
0
0
1,621
1,103
4,640
3,227
2,779
3,136
4,608
6,231
7,981
17,477
7,182
6,148
5,868
4,951
3,839
5,333
4,944
8,426
8,4264,9445,3333,8394,9515,8686,1487,18217,4777,9816,2314,6083,1362,7793,2274,6401,1031,62100000
   > Long-term Assets 
0
0
0
0
0
27,489
32,928
45,131
62,700
68,621
83,103
90,623
182,773
195,296
210,253
212,122
206,283
216,730
215,156
228,609
267,034
275,683
258,448
258,448275,683267,034228,609215,156216,730206,283212,122210,253195,296182,77390,62383,10368,62162,70045,13132,92827,48900000
       Property Plant Equipment 
4
3
2
174
16,894
27,070
32,087
44,381
56,885
63,214
77,745
85,291
177,470
193,444
208,339
210,252
204,491
216,730
215,156
228,287
266,709
275,296
258,041
258,041275,296266,709228,287215,156216,730204,491210,252208,339193,444177,47085,29177,74563,21456,88544,38132,08727,07016,894174234
       Intangible Assets 
4,542
4,985
5,617
6,285
39
420
842
751
1,312
1,421
1,481
1,573
1,707
1,852
1,914
1,870
1,792
2,035
2,016
322
325
387
407
4073873253222,0162,0351,7921,8701,9141,8521,7071,5731,4811,4211,312751842420396,2855,6174,9854,542
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,494
1,4940000000000000000000000
> Total Liabilities 
131
70
87
86
885
3,896
4,720
5,714
8,205
6,982
9,892
23,294
66,077
83,034
106,715
106,615
90,612
62,126
40,136
39,250
61,771
57,956
60,125
60,12557,95661,77139,25040,13662,12690,612106,615106,71583,03466,07723,2949,8926,9828,2055,7144,7203,896885868770131
   > Total Current Liabilities 
131
70
87
86
885
3,525
4,335
5,714
8,108
6,238
9,123
22,488
63,542
66,785
91,460
94,098
81,937
56,131
35,183
33,890
42,725
40,903
47,759
47,75940,90342,72533,89035,18356,13181,93794,09891,46066,78563,54222,4889,1236,2388,1085,7144,3353,525885868770131
       Short-term Debt 
0
0
0
0
0
64
0
0
0
0
0
0
0
61,704
75,617
72,575
44,688
3,694
1,551
2,121
383
177
169
1691773832,1211,5513,69444,68872,57575,61761,70400000006400000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
61,704
75,617
72,575
44,688
0
0
0
0
0
0
00000044,68872,57575,61761,7040000000000000
       Accounts payable 
0
0
0
0
0
3,525
4,336
2,995
7,649
2,638
6,137
5,542
5,672
9,550
16,040
16,715
14,946
12,904
9,684
13,522
13,821
19,358
17,010
17,01019,35813,82113,5229,68412,90414,94616,71516,0409,5505,6725,5426,1372,6387,6492,9954,3363,52500000
       Other Current Liabilities 
131
70
87
86
885
0
0
2,052
458
3,600
2,985
16,946
10,758
7,543
10,523
6,739
7,076
39,533
23,948
20,368
28,904
21,545
30,749
30,74921,54528,90420,36823,94839,5337,0766,73910,5237,54310,75816,9462,9853,6004582,05200885868770131
   > Long-term Liabilities 
0
0
0
0
0
372
385
0
98
744
769
807
2,535
16,249
15,255
12,517
8,675
5,995
4,953
5,360
19,046
17,053
12,366
12,36617,05319,0465,3604,9535,9958,67512,51715,25516,2492,53580776974498038537200000
       Other Liabilities 
0
0
0
0
0
372
384
0
98
743
768
806
2,535
2,591
2,582
5,063
4,884
5,283
4,695
4,881
19,046
16,259
0
016,25919,0464,8814,6955,2834,8845,0632,5822,5912,53580676874398038437200000
> Total Stockholder Equity
5,565
7,535
7,321
13,365
29,336
32,885
64,458
248,162
130,480
134,714
140,004
153,008
138,955
147,731
147,926
139,945
143,269
191,364
211,242
214,944
233,706
262,576
245,465
245,465262,576233,706214,944211,242191,364143,269139,945147,926147,731138,955153,008140,004134,714130,480248,16264,45832,88529,33613,3657,3217,5355,565
   Common Stock
4,100
1,033
1,036
1,352
1,773
1,838
1,841
2,615
1,816
1,817
1,804
1,755
1,755
1,791
1,790
1,790
1,790
1,700
1,727
1,728
1,728
1,749
1,749
1,7491,7491,7281,7281,7271,7001,7901,7901,7901,7911,7551,7551,8041,8171,8162,6151,8411,8381,7731,3521,0361,0334,100
   Retained Earnings Total Equity00000000000000000000000
   Accumulated Other Comprehensive Income 00-91,810-75,810-64,862-58,513-47,903-41,603-36,853-31,661-23,931-16,912000-2,937-1,504-58000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
75,000
70,985
72,132
72,145
72,160
0
0
0072,16072,14572,13270,98575,0000000000000000000
   Treasury Stock00-917-917-9170-3,875-3,875000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
-15,386
-15,344
-19,915
-22,403
114,205
115,216
45,657
55,334
58,741
41,584
41,58458,74155,33445,657115,216114,205-22,403-19,915-15,344-15,3860000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue100,009
Cost of Revenue-61,757
Gross Profit38,25238,252
 
Operating Income (+$)
Gross Profit38,252
Operating Expense-22,627
Operating Income15,62515,625
 
Operating Expense (+$)
Research Development0
Selling General Administrative22,627
Selling And Marketing Expenses0
Operating Expense22,62722,627
 
Net Interest Income (+$)
Interest Income369
Interest Expense-135
Other Finance Cost-0
Net Interest Income234
 
Pretax Income (+$)
Operating Income15,625
Net Interest Income234
Other Non-Operating Income Expenses0
Income Before Tax (EBT)15,27215,978
EBIT - interestExpense = 15,676
15,272
7,839
Interest Expense135
Earnings Before Interest and Taxes (EBIT)15,81115,407
Earnings Before Interest and Taxes (EBITDA)35,401
 
After tax Income (+$)
Income Before Tax15,272
Tax Provision-7,568
Net Income From Continuing Ops7,7047,704
Net Income7,704
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses84,384
Total Other Income/Expenses Net-353-234
 

Technical Analysis of Griffin Mining
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Griffin Mining. The general trend of Griffin Mining is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Griffin Mining's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Griffin Mining.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 115.00 < 115.00 < 115.00.

The bearish price targets are: 102.00 > 102.00 > 101.00.

Tweet this
Griffin Mining Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Griffin Mining. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Griffin Mining Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Griffin Mining. The current macd is 4.15134866.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Griffin Mining price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Griffin Mining. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Griffin Mining price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Griffin Mining Daily Moving Average Convergence/Divergence (MACD) ChartGriffin Mining Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Griffin Mining. The current adx is 48.15.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Griffin Mining shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Griffin Mining Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Griffin Mining. The current sar is 107.70.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Griffin Mining Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Griffin Mining. The current rsi is 72.97. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -1/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
Griffin Mining Daily Relative Strength Index (RSI) ChartGriffin Mining Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Griffin Mining. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Griffin Mining price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Griffin Mining Daily Stochastic Oscillator ChartGriffin Mining Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Griffin Mining. The current cci is 74.63.

Griffin Mining Daily Commodity Channel Index (CCI) ChartGriffin Mining Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Griffin Mining. The current cmo is 44.08.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Griffin Mining Daily Chande Momentum Oscillator (CMO) ChartGriffin Mining Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Griffin Mining. The current willr is -13.46153846.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Griffin Mining Daily Williams %R ChartGriffin Mining Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Griffin Mining.

Griffin Mining Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Griffin Mining. The current atr is 2.77046787.

Griffin Mining Daily Average True Range (ATR) ChartGriffin Mining Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Griffin Mining. The current obv is -8,285,873.

Griffin Mining Daily On-Balance Volume (OBV) ChartGriffin Mining Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Griffin Mining. The current mfi is 86.16.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Griffin Mining Daily Money Flow Index (MFI) ChartGriffin Mining Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Griffin Mining.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-20RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-04BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-17BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Griffin Mining Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Griffin Mining based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5072.971
Ma 20Greater thanMa 50107.513
Ma 50Greater thanMa 100101.730
Ma 100Greater thanMa 20094.060
OpenGreater thanClose113.000
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Griffin Mining with someone you think should read this too:
  • Are you bullish or bearish on Griffin Mining? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Griffin Mining? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Griffin Mining

I send you an email if I find something interesting about Griffin Mining.


Comments

How you think about this?

Leave a comment

Stay informed about Griffin Mining.

Receive notifications about Griffin Mining in your mailbox!