Goldstone Resources (LON:GRL) Trading Up 11.1% – What’s Next?

Goldstone Resources Limited (LON:GRLGet Free Report)’s stock price rose 11.1% during trading on Thursday . The company traded as high as GBX 0.50 ($0.01) and last traded at GBX 0.50 ($0.01). Approximately 147,020 shares were traded during trading, a decline of 98% from the average daily volume of 8,529,813 shares. The stock had previously closed at GBX 0.45 ($0.01).

Goldstone Resources Price Performance

The company has a market cap of £4.75 million, a price-to-earnings ratio of -71.43 and a beta of 0.26. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 121.33. The business has a 50-day moving average price of GBX 0.50 and a 200 day moving average price of GBX 0.79.

About Goldstone Resources

(Get Free Report)

GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company.
The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t. The existing resource is confined to a 4km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

Further Reading

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