Goldstone Resources (LON:GRL) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Goldstone Resources Limited (LON:GRL) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1.34 ($0.02) and traded as low as GBX 1.01 ($0.01). Goldstone Resources shares last traded at GBX 1.05 ($0.01), with a volume of 629,408 shares trading hands.

Goldstone Resources Stock Performance

The firm has a market capitalization of £7.48 million, a price-to-earnings ratio of -159.60 and a beta of 0.26. The company has a debt-to-equity ratio of 121.33, a current ratio of 0.22 and a quick ratio of 0.17. The firm has a 50 day moving average price of GBX 1 and a 200-day moving average price of GBX 1.34.

Goldstone Resources Company Profile

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.