Greatland Gold (LON:GGP) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• Greatland Gold's stock price has dropped below its 50-day moving average of GBX 290.70, trading as low as GBX 285 during Thursday's trading session.
• Analysts have given Greatland Gold a consensus rating of "Moderate Buy" with a price target of GBX 423.50, despite the recent dip in stock price.
• The company's current financial metrics include a debt-to-equity ratio of 102.07 and a market capitalization of £2.09 billion.

Greatland Gold plc (LON:GGP - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 290.70 ($3.93) and traded as low as GBX 285 ($3.86). Greatland Gold shares last traded at GBX 294.20 ($3.98), with a volume of 2,370,762 shares traded.

Analysts Set New Price Targets

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

Greatland Gold Price Performance

The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36. The firm's 50 day moving average is GBX 289.23 and its 200 day moving average is GBX 267.76. The firm has a market cap of £1.98 billion, a P/E ratio of 467.22 and a beta of 0.73.

About Greatland Gold

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