Greatland Gold (LON:GGP) Trading 0.6% Higher – Here’s Why

Greatland Gold plc (LON:GGP)’s share price shot up 0.6% during trading on Monday . The stock traded as high as GBX 330 ($4.45) and last traded at GBX 324 ($4.37). 720,550 shares traded hands during trading, a decline of 79% from the average session volume of 3,419,359 shares. The stock had previously closed at GBX 322 ($4.34).

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canaccord Genuity Group upgraded Greatland Gold to a “buy” rating and boosted their target price for the stock from GBX 400 ($5.39) to GBX 500 ($6.74) in a research report on Wednesday, April 16th. Berenberg Bank upped their target price on Greatland Gold from GBX 220 ($2.97) to GBX 240 ($3.24) and gave the company a “hold” rating in a research note on Monday, April 14th.

Greatland Gold Stock Performance

The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07. The stock’s fifty day moving average is GBX 303.77 and its 200-day moving average is GBX 235.11. The stock has a market cap of £43.81 billion, a price-to-earnings ratio of -742.02 and a beta of 0.73.

About Greatland Gold

Greatland Gold plc is a mining development and exploration company with a focus on precious and base metals.