Greatland Gold (LON:GGP) Stock Price Up 13.3% – Time to Buy?

Greatland Gold plc (LON:GGP) shares shot up 13.3% during mid-day trading on Friday . The stock traded as high as GBX 13.10 ($0.17) and last traded at GBX 13.04 ($0.17). 142,135,578 shares changed hands during mid-day trading, an increase of 140% from the average session volume of 59,158,926 shares. The stock had previously closed at GBX 11.50 ($0.15).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of Greatland Gold from GBX 19 ($0.25) to GBX 20 ($0.26) and gave the company a “speculative buy” rating in a report on Tuesday, March 18th.

Greatland Gold Stock Up 13.3 %

The business has a 50-day moving average price of GBX 8.62 and a 200-day moving average price of GBX 7.18. The stock has a market cap of £1.76 billion, a PE ratio of -29.85 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.

Greatland Gold (LON:GGP) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, analysts forecast that Greatland Gold plc will post 1.1007194 earnings per share for the current year.

About Greatland Gold

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