Greatland Resources Ltd (LON:GGP – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 546.65 and traded as high as GBX 572. Greatland Resources shares last traded at GBX 569, with a volume of 1,974,153 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Citigroup reduced their price target on shares of Greatland Resources from GBX 816 to GBX 750 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Greatland Resources has an average rating of “Buy” and an average target price of GBX 783.
Greatland Resources Stock Down 0.2%
The company has a market cap of £3.83 billion, a PE ratio of 4.52 and a beta of 1.40. The company has a quick ratio of 2.36, a current ratio of 3.55 and a debt-to-equity ratio of 1.00. The firm’s fifty day simple moving average is GBX 546.65 and its 200-day simple moving average is GBX 631.89.
Insider Activity
In related news, insider Alex Borrelli sold 526,880 shares of Greatland Resources stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of GBX 700, for a total transaction of £3,688,160. 35.93% of the stock is owned by corporate insiders.
Greatland Resources Ltd is a materials company in the Gold industry.
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