Greatland Gold (LON:GGP) Trading 9.4% Higher – Should You Buy?

Greatland Gold plc (LON:GGP) was up 9.4% during mid-day trading on Wednesday . The stock traded as high as GBX 14.70 ($0.20) and last traded at GBX 14.62 ($0.19). Approximately 106,797,977 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 70,652,992 shares. The stock had previously closed at GBX 13.36 ($0.18).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Berenberg Bank increased their price objective on Greatland Gold from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the stock a “hold” rating in a report on Monday. Canaccord Genuity Group upgraded Greatland Gold to a “buy” rating and increased their price objective for the company from GBX 20 ($0.27) to GBX 25 ($0.33) in a research report on Wednesday.

Greatland Gold Stock Down 1.0 %

The firm has a market cap of £1.96 billion, a PE ratio of -33.16 and a beta of 0.73. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36. The business has a fifty day moving average price of GBX 10.25 and a two-hundred day moving average price of GBX 7.87.

Greatland Gold (LON:GGP) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. On average, analysts anticipate that Greatland Gold plc will post 1.1007194 EPS for the current fiscal year.

Greatland Gold Company Profile

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