Greatland Gold (LON:GGP) Sets New 1-Year High - Here's What Happened

Shares of Greatland Gold plc (LON:GGP - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 16.20 ($0.22) and last traded at GBX 15.94 ($0.22), with a volume of 95669922 shares. The stock had previously closed at GBX 14.60 ($0.20).

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GGP shares. Berenberg Bank upped 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 research report on Monday, April 14th. Canaccord Genuity Group raised Greatland Gold to a "buy" rating and upped their price target for the stock from GBX 20 ($0.27) to GBX 25 ($0.34) in a research report on Wednesday, April 16th.

Greatland Gold Stock Performance

The business has a 50-day moving average price of GBX 13.59 and a 200-day moving average price of GBX 10.02. The firm has a market capitalization of £2.34 billion, a price-to-earnings ratio of -39.67 and a beta of 0.73. The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07.

About Greatland Gold

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