Shares of Greatland Gold plc (LON:GGP – Get Free Report) shot up 10.5% during trading on Friday . The stock traded as high as GBX 7.20 ($0.09) and last traded at GBX 7.13 ($0.09). 11,871,723 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 12,419,198 shares. The stock had previously closed at GBX 6.45 ($0.08).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 12 ($0.15) target price on shares of Greatland Gold in a report on Thursday, February 29th.
Greatland Gold Stock Performance
The company’s fifty day moving average price is GBX 6.19 and its 200 day moving average price is GBX 7.72. The company has a market cap of £381.75 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.
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