Greatland Resources (LON:GGP) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Greatland Resources Ltd (LON:GGP)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 643.69 and traded as low as GBX 524. Greatland Resources shares last traded at GBX 544, with a volume of 1,490,817 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their target price on shares of Greatland Resources from GBX 780 to GBX 816 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 755.67.

Greatland Resources Stock Performance

The company’s 50-day simple moving average is GBX 643.69 and its 200 day simple moving average is GBX 660.51. The stock has a market cap of £3.66 billion, a P/E ratio of 3.07 and a beta of 1.54. The company has a current ratio of 2.48, a quick ratio of 2.36 and a debt-to-equity ratio of 2.28.