Goldstone Resources (LON:GRL) Stock Price Down 7.2% – What’s Next?

Goldstone Resources Limited (LON:GRLGet Free Report) shares were down 7.2% during trading on Wednesday . The stock traded as low as GBX 1.06 ($0.01) and last traded at GBX 1.09 ($0.01). Approximately 10,949,021 shares traded hands during mid-day trading, an increase of 406% from the average daily volume of 2,162,747 shares. The stock had previously closed at GBX 1.18 ($0.01).

Goldstone Resources Stock Performance

The company has a 50-day simple moving average of GBX 1.16 and a two-hundred day simple moving average of GBX 1.20. 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 firm has a market capitalization of £7.78 million, a P/E ratio of -159.60 and a beta of 0.26.

Goldstone Resources Company Profile

(Get Free Report)

Goldstone Resources Limited, through its subsidiaries, engages in the exploration and mining of gold and associated elements. It holds 100% interest in the Akrokeri project; and 90% interest in the Homase project located in the Akrokeri-Homase Gold Project in Ghana. The company was incorporated in 1998 and is based in Saint Helier, Jersey.

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