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

Greatland Gold plc (LON:GGP - Get Free Report) fell 8.2% during trading on Monday . The company traded as low as GBX 12.40 ($0.16) and last traded at GBX 12.68 ($0.17). 96,396,891 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 74,371,594 shares. The stock had previously closed at GBX 13.80 ($0.18).

Analysts Set New Price Targets

A number of research firms have recently commented on GGP. Canaccord Genuity Group upgraded shares of Greatland Gold to a "buy" rating and upped their price target for the stock from GBX 20 ($0.27) to GBX 25 ($0.33) in a report on Wednesday, April 16th. Berenberg Bank upped their price target on shares of Greatland Gold from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the stock a "hold" rating in a report on Monday, April 14th.

Greatland Gold Trading Down 3.3%

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 company's fifty day simple moving average is GBX 12.25 and its 200-day simple moving average is GBX 8.89. The company has a market capitalization of £1.59 billion, a P/E ratio of -26.98 and a beta of 0.73.

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

Greatland Gold Company Profile

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