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

Greatland Gold logo with Basic Materials background

Shares of Greatland Gold plc (LON:GGP - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 12.32 ($0.16) and traded as low as GBX 11.60 ($0.15). Greatland Gold shares last traded at GBX 12.02 ($0.16), with a volume of 93,162,383 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GGP shares. Canaccord Genuity Group upgraded Greatland Gold to a "buy" rating and upped their price objective for the stock from GBX 20 ($0.27) to GBX 25 ($0.33) in a research report on Wednesday, April 16th. Berenberg Bank boosted their target price 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.

View Our Latest Stock Report on GGP

Greatland Gold Price Performance

The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07. The stock has a 50-day moving average price of GBX 12.32 and a 200 day moving average price of GBX 8.96. The stock has a market capitalization of £1.61 billion, a price-to-earnings ratio of -27.21 and a beta of 0.73.

Greatland Gold (LON:GGP - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Greatland Gold plc will post 1.1007194 earnings per share for the current year.

About Greatland Gold

(Get Free Report)

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

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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