Greatland Gold (LON:GGP) Stock Price Passes Above 50-Day Moving Average of $7.45

Shares of Greatland Gold plc (LON:GGP) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 7.45 ($0.10) and traded as high as GBX 7.70 ($0.10). Greatland Gold shares last traded at GBX 7.40 ($0.10), with a volume of 8,739,252 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GGP. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 20 ($0.26) price objective on shares of Greatland Gold in a report on Thursday, May 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 12 ($0.16) price objective on shares of Greatland Gold in a research note on Monday, July 1st.

Greatland Gold Price Performance

The company has a market cap of £376.66 million, a price-to-earnings ratio of -938.00 and a beta of 0.69. The company has a debt-to-equity ratio of 82.97, a quick ratio of 2.36 and a current ratio of 4.40. The company’s 50 day moving average price is GBX 7.47 and its 200 day moving average price is GBX 6.99.

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.