Greatland Gold (LON:GGP) Reaches New 1-Year Low at $5.50

Shares of Greatland Gold plc (LON:GGP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.54 ($0.07), with a volume of 25963772 shares traded. The stock had previously closed at GBX 5.74 ($0.07).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 12 ($0.15) target price on shares of Greatland Gold in a research note on Thursday, February 29th.

Greatland Gold Price Performance

The company has a market cap of £284.02 million, a PE ratio of -938.00 and a beta of 0.67. The company has a debt-to-equity ratio of 82.97, a quick ratio of 2.36 and a current ratio of 4.40. The stock has a 50 day moving average of GBX 6.40 and a 200-day moving average of GBX 7.80.

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.