Greatland Gold (LON:GGP) Stock Crosses Below Fifty Day Moving Average of $7.25

Greatland Gold plc (LON:GGP) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 7.25 ($0.10) and traded as low as GBX 6.80 ($0.09). Greatland Gold shares last traded at GBX 6.89 ($0.09), with a volume of 2,955,211 shares traded.

Analyst Ratings Changes

GGP has been the subject of several research reports. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 20 ($0.26) target price on shares of Greatland Gold in a research note on Thursday, May 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 12 ($0.16) target price on shares of Greatland Gold in a research note on Monday, July 1st.

Greatland Gold Stock Performance

The stock has a market cap of £350.70 million, a PE ratio of -938.00 and a beta of 0.73. The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36. The business has a 50 day moving average price of GBX 7.25 and a two-hundred day moving average price of GBX 6.88.

Greatland Gold Company Profile

Greatland Gold plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in Australia. It explores for gold, copper, cobalt, and nickel deposits. The company's flagship project is the 30% owned Havieron deposit, covering an area of 38 square kilometers located in the Paterson province of Western Australia.