Goldstone Resources (LON:GRL) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Goldstone Resources Limited (LON:GRLGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.11 ($0.01) and traded as low as GBX 1.01 ($0.01). Goldstone Resources shares last traded at GBX 1.13 ($0.01), with a volume of 7,454,158 shares changing hands.

Goldstone Resources Stock Performance

The company has a 50 day moving average price of GBX 1.10 and a 200 day moving average price of GBX 1.11. The company has a debt-to-equity ratio of 121.33, a quick ratio of 0.17 and a current ratio of 0.22. The company has a market capitalization of £12.73 million, a price-to-earnings ratio of -5.37 and a beta of 0.26.

Goldstone Resources Company Profile

(Get Free Report)

GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company.
The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t. The existing resource is confined to a 4km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

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