Greatland Gold (LON:GGP) Stock Price Up 7.5% - Should You 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 mid-day 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).

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GGP shares. Berenberg Bank upped their target price on 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. Canaccord Genuity Group upgraded Greatland Gold to a "buy" rating and boosted their price target for the company from GBX 20 ($0.27) to GBX 25 ($0.34) in a report on Wednesday, April 16th.

Greatland Gold Price Performance

The company has a fifty day simple moving average of GBX 13.59 and a two-hundred day simple moving average of GBX 10.04. 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 has a market capitalization of £2.34 billion, a price-to-earnings ratio of -39.67 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.