Greatland Gold (LON:GGP) Share Price Passes Above 50-Day Moving Average – Here’s Why

Greatland Gold plc (LON:GGP) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 9.30 ($0.12) and traded as high as GBX 12.54 ($0.16). Greatland Gold shares last traded at GBX 11.60 ($0.15), with a volume of 175,750,844 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their target price on shares of Greatland Gold from GBX 19 ($0.25) to GBX 20 ($0.26) and gave the company a “speculative buy” rating in a research note on Tuesday, March 18th.

Greatland Gold Price Performance

The business has a fifty day moving average of GBX 9.30 and a 200 day moving average of GBX 7.45. 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 stock has a market cap of £1.57 billion, a PE ratio of -26.57 and a beta of 0.73.

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

About Greatland Gold

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