Goldstone Resources (LON:GRL) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Goldstone Resources Limited (LON:GRL)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.73 ($0.01) and traded as low as GBX 0.45 ($0.01). Goldstone Resources shares last traded at GBX 0.45 ($0.01), with a volume of 9,065,472 shares.

Goldstone Resources Trading Down 2.9%

The company has a debt-to-equity ratio of 121.33, a current ratio of 0.22 and a quick ratio of 0.17. The business’s 50 day moving average price is GBX 0.49 and its 200-day moving average price is GBX 0.73. The firm has a market capitalization of £4.38 million, a price-to-earnings ratio of -65.86 and a beta of 0.26.

About Goldstone Resources

GoldStone Resources Limited (AIM: GRL) is a gold exploration and development Company focused on developing the Akrokeri-Homase project in on the highly prospective Ashanti Gold belt in south-western Ghana.
The Company’s flagship asset, the Akrokeri-Homase project, hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t, concentrated within a 4km zone along the Homase Trend.