Greatland Gold (LON:GGP) Stock Price Up 13.3% – What’s Next?

Greatland Gold plc (LON:GGP) shot up 13.3% during trading on Friday . The company traded as high as GBX 13.10 ($0.17) and last traded at GBX 13.04 ($0.17). 142,135,578 shares traded hands during trading, an increase of 140% from the average session volume of 59,158,926 shares. The stock had previously closed at GBX 11.50 ($0.15).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on 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 company has a market capitalization of £1.76 billion, a P/E ratio of -29.85 and a beta of 0.73. The stock’s fifty day simple moving average is GBX 8.75 and its 200-day simple moving average is GBX 7.22. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36.

Greatland Gold (LON:GGP) last announced its earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share for the quarter. On average, equities analysts forecast that Greatland Gold plc will post 1.1007194 earnings per share for the current fiscal year.

Greatland Gold Company Profile

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