Shares of Greatland Resources Ltd (LON:GGP – Get Free Report) traded up 5.4% on Monday. The company traded as high as GBX 572 and last traded at GBX 569. 1,974,153 shares were traded during mid-day trading, a decline of 66% from the average session volume of 5,813,241 shares. The stock had previously closed at GBX 540.
Analyst Upgrades and Downgrades
Separately, Citigroup reduced their target price on Greatland Resources from GBX 816 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, Greatland Resources has an average rating of “Buy” and a consensus price target of GBX 783.
Check Out Our Latest Analysis on GGP
Greatland Resources Stock Up 0.8%
The stock has a market capitalization of £3.77 billion, a P/E ratio of 4.45 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.55 and a quick ratio of 2.36. The stock has a fifty day moving average price of GBX 544.81 and a 200 day moving average price of GBX 631.37.
Insider Activity
In related news, insider Alex Borrelli sold 526,880 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of GBX 700, for a total transaction of £3,688,160. Corporate insiders own 35.93% of the company’s stock.
Greatland Resources Ltd is a materials company in the Gold industry.
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