Greatland Gold (LON:GGP) Trading Down 8.2% – Here’s Why

Greatland Gold plc (LON:GGP) shares dropped 8.2% during trading on Monday . The company traded as low as GBX 12.40 ($0.17) and last traded at GBX 12.68 ($0.17). Approximately 96,396,891 shares were traded during trading, an increase of 30% from the average daily volume of 74,371,594 shares. The stock had previously closed at GBX 13.80 ($0.18).

Analysts Set New Price Targets

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

Greatland Gold Stock Performance

The stock has a fifty day moving average price of GBX 12.08 and a two-hundred day moving average price of GBX 8.78. 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 company has a market capitalization of £1.67 billion, a price-to-earnings ratio of -28.22 and a beta of 0.73.

Greatland Gold (LON:GGP) last posted its earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, analysts forecast 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.