Greatland Gold (LON:GGP) Hits New 12-Month High - Here's What Happened

Key Points

• Greatland Gold plc shares reached a new 12-month high, trading at GBX 365 ($4.93) during mid-day, with a substantial trading volume of over 6 million shares.
• An analyst from Canaccord Genuity Group maintains a "buy" rating on Greatland Gold, setting a price target of GBX 607, while the stock has a consensus rating of "Moderate Buy".
• The company has a market capitalization of £2.39 billion and notable financial ratios, including a high price-to-earnings ratio of 563.83 and a debt-to-equity ratio of 102.07.

Shares of Greatland Gold plc (LON:GGP - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 365 ($4.93) and last traded at GBX 359 ($4.85), with a volume of 6150969 shares trading hands. The stock had previously closed at GBX 340 ($4.60).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 607 price target on shares of Greatland Gold in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 423.50.

Greatland Gold Stock Up 4.7%

The firm has a market capitalization of £2.39 billion, a price-to-earnings ratio of 563.83 and a beta of 0.73. The stock has a fifty day moving average of GBX 286.17 and a two-hundred day moving average of GBX 276.82. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36.

About Greatland Gold

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

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