Greatland Gold (LON:GGP) Trading 10.9% Higher

Shares of Greatland Gold plc (LON:GGP) traded up 10.9% during trading on Monday . The stock traded as high as GBX 6.10 ($0.08) and last traded at GBX 6.05 ($0.08). 171,725,922 shares traded hands during trading, an increase of 1,029% from the average session volume of 15,214,223 shares. The stock had previously closed at GBX 5.46 ($0.07).

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 12 ($0.16) price target on shares of Greatland Gold in a research report on Monday, July 1st. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 20 ($0.26) price objective on shares of Greatland Gold in a research note on Thursday, May 23rd.

Greatland Gold Stock Performance

The company has a market capitalization of £307.95 million, a price-to-earnings ratio of -938.00 and a beta of 0.73. The company has a debt-to-equity ratio of 82.97, a quick ratio of 2.36 and a current ratio of 4.40. The company’s fifty day simple moving average is GBX 7.06 and its two-hundred day simple moving average is GBX 6.83.

About Greatland Gold

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.