Greatland Gold (LON:GGP) Shares Pass Below 50 Day Moving Average – Here’s Why

Greatland Gold plc (LON:GGPGet Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 6.49 ($0.08) and traded as low as GBX 6.10 ($0.08). Greatland Gold shares last traded at GBX 6.40 ($0.08), with a volume of 24,907,141 shares traded.

Greatland Gold Price Performance

The stock has a market cap of £666.24 million, a PE ratio of -938.00 and a beta of 0.73. The business’s 50-day simple moving average is GBX 6.49 and its 200-day simple moving average is GBX 6.77. The company has a quick ratio of 2.36, a current ratio of 4.40 and a debt-to-equity ratio of 82.97.

About Greatland Gold

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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.

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