Greatland Gold (LON:GGP) Trading Up 8%

Greatland Gold plc (LON:GGP)’s share price traded up 8% during mid-day trading on Tuesday . The stock traded as high as GBX 6.20 ($0.08) and last traded at GBX 6.05 ($0.08). 23,119,313 shares were traded during trading, an increase of 81% from the average session volume of 12,787,377 shares. The stock had previously closed at GBX 5.60 ($0.07).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 12 ($0.15) price target on shares of Greatland Gold in a report on Thursday, February 29th.

Greatland Gold Stock Up 8.0 %

The stock has a fifty day simple moving average of GBX 6.37 and a two-hundred day simple moving average of GBX 7.82. The company has a current ratio of 4.40, a quick ratio of 2.36 and a debt-to-equity ratio of 82.97. The firm has a market cap of £307.95 million, a PE ratio of -938.00 and a beta of 0.67.

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.