Goldstone Resources (LON:GRL) Trading Down 10.4% – Time to Sell?

Shares of Goldstone Resources Limited (LON:GRLGet Free Report) traded down 10.4% during trading on Friday . The company traded as low as GBX 1.03 ($0.01) and last traded at GBX 1.03 ($0.01). 5,714,871 shares were traded during mid-day trading, a decline of 28% from the average session volume of 7,926,939 shares. The stock had previously closed at GBX 1.15 ($0.01).

Goldstone Resources Price Performance

The firm’s 50-day moving average is GBX 1.16 and its 200-day moving average is GBX 1.11. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 121.33. The company has a market cap of £11.71 million, a PE ratio of -4.94 and a beta of 0.26.

Goldstone Resources Company Profile

(Get Free Report)

Goldstone Resources Limited, through its subsidiaries, engages in the exploration and mining of gold and associated elements. It holds 100% interest in the Akrokeri project; and 90% interest in the Homase project located in the Akrokeri-Homase Gold Project in Ghana. The company was incorporated in 1998 and is based in Saint Helier, Jersey.

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