Greatland Gold (LON:GGP) Shares Pass Below 50 Day Moving Average – Time to Sell?

Greatland Gold plc (LON:GGP)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 373.36 and traded as low as GBX 365. Greatland Gold shares last traded at GBX 373, with a volume of 4,546,838 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 635 target price on shares of Greatland Gold in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 437.50.

Greatland Gold Stock Performance

The company’s 50-day moving average is GBX 373.36 and its two-hundred day moving average is GBX 320.95. 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 company has a market cap of £2.50 billion, a P/E ratio of 2.81 and a beta of 0.73.

Greatland Gold Company Profile

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