Goldstone Resources (LON:GRL) Shares Up 11.5% – Here’s Why

Goldstone Resources Limited (LON:GRLGet Free Report) rose 11.5% during mid-day trading on Thursday . The company traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). Approximately 3,324,118 shares traded hands during trading, an increase of 6% from the average daily volume of 3,134,327 shares. The stock had previously closed at GBX 1.53 ($0.02).

Goldstone Resources Stock Performance

The company has a debt-to-equity ratio of 121.33, a quick ratio of 0.17 and a current ratio of 0.22. The business’s fifty day moving average price is GBX 1.06 and its 200-day moving average price is GBX 1.33. The stock has a market cap of £10.40 million, a PE ratio of -159.60 and a beta of 0.26.

Goldstone Resources Company Profile

(Get Free Report)

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.

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