Goldstone Resources (LON:GRL) Trading Down 9.6% – Should You Sell?

Goldstone Resources Limited (LON:GRL) shares fell 9.6% on Wednesday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.56 ($0.02). 3,385,744 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 3,134,327 shares. The stock had previously closed at GBX 1.73 ($0.02).

Goldstone Resources Stock Performance

The stock has a market capitalization of £10.70 million, a P/E ratio of -159.60 and a beta of 0.26. The stock’s 50-day simple moving average is GBX 1.04 and its 200 day simple moving average is GBX 1.33. The company has a debt-to-equity ratio of 121.33, a current ratio of 0.22 and a quick ratio of 0.17.

Goldstone Resources Company Profile

Goldstone Resources Limited, through its subsidiaries, engages in the exploration and mining of gold and associated elements. It holds 100% interest in the Akrokeri project; and 90% interest in the Homase project located in the Akrokeri-Homase Gold Project in Ghana. The company was incorporated in 1998 and is based in Saint Helier, Jersey.