Greatland Gold plc (LON:GGP) recently saw its share price drop below its 50-day moving average during trading on Friday. The stock traded as low as GBX 6 ($0.08) with a volume of 27,335,403 shares changing hands. Currently, the stock is trading at GBX 6.12 ($0.08).
In terms of analyst recommendations, Berenberg Bank has reaffirmed a “buy” rating on Greatland Gold with a target price of GBX 12 ($0.16). This indicates a positive outlook on the company’s performance.
The stock has a market cap of £637.09 million, a price-to-earnings ratio of -938.00, and a beta of 0.73. Greatland Gold has a quick ratio of 2.36, a current ratio of 4.40, and a debt-to-equity ratio of 82.97. The company’s 50-day simple moving average is GBX 6.66 and its 200-day simple moving average is GBX 6.80.
Greatland Gold plc is primarily involved in the exploration and development of precious and base metals in Australia. Its key project is the 30% owned Havieron deposit, focusing on gold, copper, cobalt, and nickel deposits.
While Greatland Gold currently holds a “Buy” rating among analysts, it’s important to note that there are other stocks that analysts are recommending for investment opportunities. MarketBeat has identified five stocks that are being recommended by top analysts, which may be better options for investment compared to Greatland Gold.
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