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

Greatland Gold plc (LON:GGP) 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.

Wall Street Analysts Forecast Growth

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

Greatland Gold Stock Up 2.2 %

The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36. The business’s fifty day moving average price is GBX 6.21 and its two-hundred day moving average price is GBX 7.80. The stock has a market capitalization of £310.49 million, a PE ratio of -938.00 and a beta of 0.68.

About Greatland Gold

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.