Greatland Gold (LON:GGP) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Greatland Gold plc (LON:GGP)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 6.53 ($0.08) and traded as low as GBX 6.10 ($0.08). Greatland Gold shares last traded at GBX 6.10 ($0.08), with a volume of 16,114,031 shares changing hands.

Greatland Gold Stock Performance

The company’s 50-day moving average is GBX 6.51 and its two-hundred day moving average is GBX 6.80. The company has a market capitalization of £640.22 million, a P/E ratio of -938.00 and a beta of 0.73. The company has a quick ratio of 2.36, a current ratio of 4.40 and a debt-to-equity ratio of 82.97.

Greatland Gold Company Profile

Greatland Gold plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in Australia. It explores for gold, copper, cobalt, and nickel deposits. The company's flagship project is the 30% owned Havieron deposit, covering an area of 38 square kilometers located in the Paterson province of Western Australia.