Goldstone Resources (LON:GRL) Shares Down 3.6% – Here’s What Happened

Goldstone Resources Limited (LON:GRL)’s share price was down 3.6% during trading on Friday . The company traded as low as GBX 1.06 ($0.01) and last traded at GBX 1.06 ($0.01). Approximately 1,105,147 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 3,134,327 shares. The stock had previously closed at GBX 1.10 ($0.01).

Goldstone Resources Stock Performance

The company’s 50-day moving average price is GBX 1.06 and its two-hundred day moving average price is GBX 1.27. The company has a market capitalization of £7.56 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.

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.