Goldplat (LON:GDP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Goldplat PLC (LON:GDP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7.11 ($0.09) and traded as low as GBX 6.53 ($0.09). Goldplat shares last traded at GBX 7 ($0.09), with a volume of 4,619 shares changing hands.

Goldplat Stock Performance

The company has a 50-day moving average price of GBX 6.93 and a two-hundred day moving average price of GBX 7.11. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 7.47. The stock has a market capitalization of £11.74 million, a P/E ratio of 699.50 and a beta of 0.28.

Insider Buying and Selling at Goldplat

In other Goldplat news, insider Werner Klingenberg sold 1,000,000 shares of Goldplat stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of GBX 6 ($0.08), for a total transaction of £60,000 ($79,819.08). Insiders sold a total of 3,000,000 shares of company stock valued at $18,000,000 in the last three months. Company insiders own 32.58% of the company’s stock.

About Goldplat

Goldplat PLC, together with its subsidiaries, operates as a mining services company in South Africa and Ghana. It recovers gold and other precious metals from by-products, contaminated soil, and other precious metal material from mining and other industries. The company was incorporated in 2005 and is based in London, the United Kingdom.