Greatland Gold (LON:GGP) Stock Crosses Below 50 Day Moving Average - Here's Why

Greatland Gold plc (LON:GGP - Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 12.32 ($0.17) and traded as low as GBX 11.60 ($0.16). Greatland Gold shares last traded at GBX 12.02 ($0.16), with a volume of 93,162,383 shares trading hands.

Analyst Upgrades and Downgrades

GGP has been the topic of a number of recent research reports. Canaccord Genuity Group upgraded Greatland Gold to a "buy" rating and increased their price objective for the company from GBX 20 ($0.27) to GBX 25 ($0.34) in a research report on Wednesday, April 16th. Berenberg Bank increased their price target on 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 Price Performance

The company has a debt-to-equity ratio of 102.07, a quick ratio of 2.36 and a current ratio of 1.33. The firm has a market capitalization of £1.84 billion, a P/E ratio of -31.15 and a beta of 0.73. The company has a 50-day moving average price of GBX 12.57 and a 200-day moving average price of GBX 9.15.

Greatland Gold (LON:GGP - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Greatland Gold plc will post 1.1007194 earnings per share for the current year.

About Greatland Gold

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