Greatland Gold (LON:GGP) Stock Price Crosses Below Fifty Day Moving Average of $7.36

Greatland Gold plc (LON:GGP) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 7.36 ($0.10) and traded as low as GBX 6.91 ($0.09). Greatland Gold shares last traded at GBX 7 ($0.09), with a volume of 6,576,172 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GGP. Berenberg Bank reissued a “buy” rating and issued a GBX 12 ($0.16) price target on shares of Greatland Gold in a research note on Monday, July 1st. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 20 ($0.26) price target on shares of Greatland Gold in a research note on Thursday, May 23rd.

Greatland Gold Price Performance

The company has a 50 day moving average of GBX 7.36 and a two-hundred day moving average of GBX 6.92. The firm has a market cap of £357.27 million, a P/E ratio of -938.00 and a beta of 0.77. The company has a quick ratio of 2.36, a current ratio of 4.40 and a debt-to-equity ratio of 82.97.

About Greatland Gold

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.