Greatland Gold (LON:GGP) Shares Up 13.3% – What’s Next?

Greatland Gold plc (LON:GGP)’s share price rose 13.3% during mid-day trading on Friday . The stock traded as high as GBX 13.10 ($0.17) and last traded at GBX 13.04 ($0.17). Approximately 142,135,578 shares changed hands during mid-day trading, an increase of 140% from the average daily volume of 59,158,926 shares. The stock had previously closed at GBX 11.50 ($0.15).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price objective 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.

Greatland Gold Stock Up 13.3 %

The company has a market capitalization of £1.76 billion, a price-to-earnings ratio of -29.85 and a beta of 0.73. The business has a fifty day simple moving average of GBX 8.75 and a two-hundred day simple moving average of GBX 7.22. 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) last issued its earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) EPS for the quarter. Equities analysts expect that Greatland Gold plc will post 1.1007194 EPS for the current year.

Greatland Gold Company Profile

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