Greatland Gold (LON:GGP) Reaches New 52-Week High – Here’s What Happened

Greatland Gold plc (LON:GGP) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 16 ($0.21) and last traded at GBX 14.60 ($0.19), with a volume of 141286672 shares changing hands. The stock had previously closed at GBX 14.48 ($0.19).

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GGP shares. Canaccord Genuity Group raised Greatland Gold to a “buy” rating and raised their target price for the stock from GBX 20 ($0.27) to GBX 25 ($0.33) in a research note on Wednesday, April 16th. Berenberg Bank increased their price target on Greatland Gold from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the stock a “hold” rating in a report on Monday, April 14th.

Greatland Gold Trading Down 1.6 %

The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07. The business has a 50-day simple moving average of GBX 10.72 and a 200-day simple moving average of GBX 8.10. The company has a market cap of £1.74 billion, a PE ratio of -29.42 and a beta of 0.73.

Greatland Gold (LON:GGP) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. On average, analysts predict that Greatland Gold plc will post 1.1007194 EPS for the current fiscal year.

Greatland Gold Company Profile

Greatland Gold plc is a mining development and exploration company with a focus on precious and base metals.