Greatland Gold (LON:GGP) Share Price Passes Below 50-Day Moving Average of $6.21

Greatland Gold plc (LON:GGP)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 6.21 ($0.08) and traded as low as GBX 5.80 ($0.07). Greatland Gold shares last traded at GBX 5.97 ($0.08), with a volume of 4,965,332 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 12 ($0.15) target price on shares of Greatland Gold in a research note on Thursday, February 29th.

Greatland Gold Price Performance

The firm has a 50-day simple moving average of GBX 6.21 and a 200-day simple moving average of GBX 7.80. The firm has a market capitalization of £310.49 million, a PE ratio of -938.00 and a beta of 0.68. The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36.

Greatland Gold Company Profile

Greatland Gold plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in Australia. It explores for gold, copper, cobalt, and nickel deposits. The company's flagship project is the 30% owned Havieron deposit, covering an area of 38 square kilometers located in the Paterson province of Western Australia.