Greatland Resources (LON:GGP) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Greatland Resources Ltd (LON:GGP) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 672.49 and traded as low as GBX 534. Greatland Resources shares last traded at GBX 540.50, with a volume of 1,716,744 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised their price target on Greatland Resources from GBX 780 to GBX 816 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 755.67.

Greatland Resources Stock Down 4.3%

The firm has a market cap of £3.48 billion, a P/E ratio of 2.92 and a beta of 1.54. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.36 and a current ratio of 2.48. The firm’s fifty day moving average is GBX 672.49 and its 200 day moving average is GBX 660.38.