Goldstone Resources (LON:GRL) Trading Up 6.4% – Still a Buy?

Shares of Goldstone Resources Limited (LON:GRLGet Free Report) were up 6.4% during mid-day trading on Wednesday . The stock traded as high as GBX 1.17 ($0.02) and last traded at GBX 1.12 ($0.01). Approximately 7,113,520 shares were traded during trading, a decline of 9% from the average daily volume of 7,851,359 shares. The stock had previously closed at GBX 1.05 ($0.01).

Goldstone Resources Stock Performance

The company has a market capitalization of £12.58 million, a price-to-earnings ratio of -5.30 and a beta of 0.26. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 121.33. The stock has a 50-day simple moving average of GBX 1.17 and a 200-day simple moving average of GBX 1.14.

About Goldstone Resources

(Get Free Report)

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.

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