Shares of Goldstone Resources Limited (LON:GRL – Get Free Report) fell 11.1% on Thursday . The stock traded as low as GBX 0.40 and last traded at GBX 0.40. 430,878 shares traded hands during trading, a decline of 94% from the average session volume of 7,549,407 shares. The stock had previously closed at GBX 0.45.
Goldstone Resources Trading Down 4.4%
The business’s 50-day simple moving average is GBX 0.47 and its two-hundred day simple moving average is GBX 0.58. The firm has a market capitalization of £4.08 million, a price-to-earnings ratio of -0.72 and a beta of 0.26. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 121.33.
About Goldstone Resources
GoldStone Resources Limited (AIM: GRL) is a gold exploration and development Company focused on developing the Akrokeri-Homase project in on the highly prospective Ashanti Gold belt in south-western Ghana.
The Company’s flagship asset, the Akrokeri-Homase project, hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t, concentrated within a 4km zone along the Homase Trend.
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