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Greatland Gold (LON:GGP) Shares Pass Above 50 Day Moving Average - Here's What Happened

Greatland Gold logo with Basic Materials background
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Greatland Gold plc (LON:GGP - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 9.30 ($0.12) and traded as high as GBX 12.54 ($0.16). Greatland Gold shares last traded at GBX 11.60 ($0.15), with a volume of 175,750,844 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of Greatland Gold from GBX 19 ($0.25) to GBX 20 ($0.26) and gave the company a "speculative buy" rating in a research note on Tuesday, March 18th.

View Our Latest Stock Analysis on Greatland Gold

Greatland Gold Stock Up 13.3 %

The stock has a market cap of £1.84 billion, a price-to-earnings ratio of -31.15 and a beta of 0.73. The stock has a 50 day simple moving average of GBX 9.68 and a 200 day simple moving average of GBX 7.63. The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07.

Greatland Gold (LON:GGP - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, analysts expect that Greatland Gold plc will post 1.1007194 earnings per share for the current fiscal year.

About Greatland Gold

(Get Free Report)

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

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