Greatland Gold (LON:GGP) Hits New 12-Month High – Time to Buy?

Greatland Gold plc (LON:GGP)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 375 ($5.03) and last traded at GBX 371.23 ($4.98), with a volume of 421885 shares trading hands. The stock had previously closed at GBX 358.25 ($4.81).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 635 target price on shares of Greatland Gold in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 437.50.

Greatland Gold Trading Up 0.4%

The stock has a market capitalization of £2.68 billion, a P/E ratio of 632.17 and a beta of 0.73. The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07. The stock’s fifty day moving average price is GBX 293.41 and its two-hundred day moving average price is GBX 288.58.

About Greatland Gold

Greatland Gold plc is a mining development and exploration company with a focus on precious and base metals.