Greatland Gold (LON:GGP) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Greatland Gold plc (LON:GGP)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 6.54 ($0.08) and traded as low as GBX 6.33 ($0.08). Greatland Gold shares last traded at GBX 6.40 ($0.08), with a volume of 21,358,498 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 12 ($0.16) target price on shares of Greatland Gold in a research note on Monday, July 1st.

Greatland Gold Trading Down 1.0 %

The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36. The stock has a market capitalization of £659.47 million, a price-to-earnings ratio of -938.00 and a beta of 0.73. The business has a 50 day simple moving average of GBX 6.54 and a 200-day simple moving average of GBX 6.82.

Greatland Gold Company Profile

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.