Greatland Gold (LON:GGP) Stock Price Up 7.5% - Time to Buy?

Shares of Greatland Gold plc (LON:GGP - Get Free Report) were up 7.5% during mid-day trading on Wednesday . The company traded as high as GBX 16.20 ($0.22) and last traded at GBX 15.70 ($0.21). Approximately 84,810,727 shares were traded during trading, an increase of 19% from the average daily volume of 71,329,664 shares. The stock had previously closed at GBX 14.60 ($0.20).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GGP shares. Canaccord Genuity Group upgraded shares of Greatland Gold to a "buy" rating and raised their price target for the company from GBX 20 ($0.27) to GBX 25 ($0.34) in a report on Wednesday, April 16th. Berenberg Bank increased 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 research report on Monday, April 14th.

Greatland Gold Stock Performance

The company's 50 day simple moving average is GBX 13.34 and its 200 day simple moving average is GBX 9.89. The stock has a market cap of £2.23 billion, a PE ratio of -37.79 and a beta of 0.73. The company has a debt-to-equity ratio of 102.07, a quick ratio of 2.36 and a current ratio of 1.33.

About Greatland Gold

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