Greatland Gold (LON:GGP) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Greatland Gold plc (LON:GGP) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 12.32 ($0.16) and traded as low as GBX 11.60 ($0.15). Greatland Gold shares last traded at GBX 12.02 ($0.16), with a volume of 93,162,383 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GGP shares. Canaccord Genuity Group upgraded Greatland Gold to a “buy” rating and upped their price objective for the stock from GBX 20 ($0.27) to GBX 25 ($0.33) in a research report on Wednesday, April 16th. Berenberg Bank boosted their target price on shares of Greatland Gold from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the company a “hold” rating in a research note on Monday, April 14th.

Greatland Gold Price Performance

The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07. The stock has a 50-day moving average price of GBX 12.32 and a 200 day moving average price of GBX 8.96. The stock has a market capitalization of £1.61 billion, a price-to-earnings ratio of -27.21 and a beta of 0.73.

Greatland Gold (LON:GGP) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Greatland Gold plc will post 1.1007194 earnings per share for the current year.

About Greatland Gold

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