Greatland Gold (LON:GGP) Hits New 1-Year High – Here’s Why

Greatland Gold plc (LON:GGP)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 365 ($4.89) and last traded at GBX 357.78 ($4.80), with a volume of 1830037 shares. The stock had previously closed at GBX 344 ($4.61).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 607 target price on shares of Greatland Gold in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Greatland Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 423.50.

Greatland Gold Price Performance

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 company has a market capitalization of £2.41 billion, a PE ratio of 570.16 and a beta of 0.73. The stock’s 50-day moving average is GBX 287.61 and its two-hundred day moving average is GBX 281.34.

About Greatland Gold

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