Greatland Gold (LON:GGP) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Greatland Gold plc (LON:GGP) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 6.66 ($0.09) and traded as low as GBX 6 ($0.08). Greatland Gold shares last traded at GBX 6.12 ($0.08), with a volume of 27,335,403 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 12 ($0.16) price objective on shares of Greatland Gold in a research note on Monday, July 1st.

Greatland Gold Stock Up 0.3 %

The stock has a market capitalization of £311.51 million, a price-to-earnings ratio of -938.00 and a beta of 0.73. The business has a fifty day moving average of GBX 6.66 and a 200 day moving average of GBX 6.80. The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36.

About Greatland Gold

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.