Serabi Gold PLC 53.1% potential upside indicated by Peel Hunt Limited

Serabi Gold PLC with ticker (LON:SRB) now has a potential upside of 53.1% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 150 GBX for the company, which when compared to the Serabi Gold PLC share price of 70 GBX at opening today (02/12/2021) indicates a potential upside of 53.1%. Trading has ranged between 59 (52 week low) and 104 (52 week high) with an average of 170,005 shares exchanging hands daily. The market capitalisation at the time of writing is £53,330,187.

Serabi Gold plc is a United Kingdom-based holding and gold sales company and a provider of support and management services to its operating subsidiaries. The Company is engaged in the evaluation and development of gold projects in Brazil. It is involved in the development of gold and other metals mining projects in Brazil and the operation of the Palito gold mine in the Tapajos region of Brazil. It has approximately two small high-grade underground mines in operation targeting annual production of approximately 40,000 ounces per annum. The Palito Mine and infrastructure lies approximately 4.5 kilometers south of the village of Jardim do Ouro a. The Company’s Sao Chico Mine is a high-grade gold deposit approximately 25 kilometers to the south west, along the Transgarimpeira Highway, from the Palito Mine. It also holds, or has in application, exploration licenses over a surrounding approximately 42,800 hectares of exploration tenements.