Insider Selling: Greatland Gold plc (LON:GGP) Insider Sells 1,250,000 Shares of Stock

Greatland Gold plc (LON:GGP) insider Clive Latcham sold 1,250,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 14 ($0.17), for a total value of £175,000 ($215,358.11).

Shares of LON:GGP traded down GBX 0.50 ($0.01) during mid-day trading on Wednesday, reaching GBX 14.70 ($0.18). The stock had a trading volume of 33,300,275 shares, compared to its average volume of 38,880,000. The firm has a 50 day simple moving average of GBX 12.43 and a two-hundred day simple moving average of GBX 7.31. Greatland Gold plc has a twelve month low of GBX 0.12 ($0.00) and a twelve month high of GBX 15.70 ($0.19). The firm has a market cap of $554.81 million and a PE ratio of -147.00.

Separately, Numis Securities increased their target price on Greatland Gold from GBX 6 ($0.07) to GBX 12 ($0.15) and gave the company a “buy” rating in a research note on Thursday, April 30th.

About Greatland Gold

Greatland Gold plc engages in the exploration and development of natural resources. It explores for gold, nickel, and cobalt deposits. The company primarily holds 100% interests in six projects, including four situated in Western Australia and two located in Tasmania. Greatland Gold plc was founded in 2005 and is based in London, the United Kingdom.

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