Greatland Gold (LON:GGP) Trading Up 13.3% – What’s Next?

Shares of Greatland Gold plc (LON:GGP) shot up 13.3% on Friday . The company traded as high as GBX 13.10 ($0.17) and last traded at GBX 13.04 ($0.17). 142,135,578 shares traded hands during mid-day trading, an increase of 140% from the average session volume of 59,158,926 shares. The stock had previously closed at GBX 11.50 ($0.15).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their target price on shares of Greatland Gold from GBX 19 ($0.25) to GBX 20 ($0.26) and gave the stock a “speculative buy” rating in a research note on Tuesday, March 18th.

Greatland Gold Stock Performance

The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36. The firm has a fifty day moving average of GBX 8.62 and a 200 day moving average of GBX 7.18. The stock has a market cap of £1.76 billion, a price-to-earnings ratio of -29.85 and a beta of 0.73.

Greatland Gold (LON:GGP) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Greatland Gold plc will post 1.1007194 EPS for the current year.

Greatland Gold Company Profile

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