Greatland Gold (LON:GGP) Stock Price Down 6.2% – What’s Next?

Shares of Greatland Gold plc (LON:GGP) traded down 6.2% during trading on Tuesday . The company traded as low as GBX 345 and last traded at GBX 350. 1,188,416 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,941,271 shares. The stock had previously closed at GBX 373.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 635 target price on shares of Greatland Gold in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Greatland Gold has a consensus rating of “Moderate Buy” and a consensus price target of GBX 437.50.

Greatland Gold Stock Performance

The stock has a market capitalization of £2.35 billion, a P/E ratio of 5.54 and a beta of 0.73. The stock has a 50 day moving average of GBX 344.83 and a 200 day moving average of GBX 309.09. The company has a debt-to-equity ratio of 102.07, a quick ratio of 2.36 and a current ratio of 1.33.

Greatland Gold Company Profile

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