Goldstone Resources (LON:GRL) Trading Down 9.4% – Time to Sell?

Goldstone Resources Limited (LON:GRLGet Free Report) fell 9.4% during trading on Tuesday . The stock traded as low as GBX 0.91 ($0.01) and last traded at GBX 0.91 ($0.01). 3,448,285 shares were traded during trading, an increase of 10% from the average session volume of 3,134,327 shares. The stock had previously closed at GBX 1 ($0.01).

Goldstone Resources Stock Performance

The stock’s 50 day moving average price is GBX 1.07 and its two-hundred day moving average price is GBX 1.31. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 121.33. The firm has a market capitalization of £6.21 million, a price-to-earnings ratio of -159.60 and a beta of 0.26.

About Goldstone Resources

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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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