Greatland Gold (LON:GGP) Shares Down 8.2% - Should You Sell?

Shares of Greatland Gold plc (LON:GGP - Get Free Report) dropped 8.2% on Monday . The stock traded as low as GBX 12.40 ($0.16) and last traded at GBX 12.68 ($0.17). Approximately 96,396,891 shares traded hands during mid-day 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).

Wall Street Analyst Weigh In

A number of brokerages recently commented on GGP. 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 report on Monday, April 14th. Canaccord Genuity Group raised Greatland Gold to a "buy" rating and boosted their target price for the company from GBX 20 ($0.27) to GBX 25 ($0.33) in a research report on Wednesday, April 16th.

Greatland Gold Stock Performance

The company has a market capitalization of £1.71 billion, a PE ratio of -28.93 and a beta of 0.73. The stock has a 50-day simple moving average of GBX 11.94 and a 200 day simple moving average of GBX 8.72. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36.

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. Equities analysts anticipate 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.

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