Greatland Gold (LON:GGP) Shares Up 2.9%

Shares of Greatland Gold plc (LON:GGP) shot up 2.9% on Monday . The company traded as high as GBX 7.40 ($0.09) and last traded at GBX 7.20 ($0.09). 14,257,859 shares were traded during trading, an increase of 19% from the average session volume of 11,979,521 shares. The stock had previously closed at GBX 7 ($0.09).

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GGP. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 20 ($0.26) price target on shares of Greatland Gold in a report on Thursday, May 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 12 ($0.15) price target on shares of Greatland Gold in a report on Monday, July 1st.

Greatland Gold Stock Up 2.9 %

The business has a 50 day simple moving average of GBX 7.42 and a 200 day simple moving average of GBX 6.95. The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36. The stock has a market cap of £366.48 million, a PE ratio of -938.00 and a beta of 0.69.

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.