Greatland Resources Ltd (LON:GGP – Get Free Report) shares rose 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 daily volume of 5,813,241 shares. The stock had previously closed at GBX 540.
Analyst Ratings Changes
Separately, Citigroup decreased their price objective on shares of Greatland Resources from GBX 816 to GBX 750 and set a “buy” rating for the company in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 783.
Check Out Our Latest Stock Report on Greatland Resources
Greatland Resources Price Performance
The company has a 50-day moving average of GBX 546.65 and a 200-day moving average of GBX 631.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.36 and a current ratio of 3.55. The stock has a market cap of £3.84 billion, a price-to-earnings ratio of 4.53 and a beta of 1.40.
Insider Activity
In other news, insider Alex Borrelli sold 526,880 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 700, for a total transaction of £3,688,160. 35.93% of the stock is currently owned by company insiders.
Greatland Resources Ltd is a materials company in the Gold industry.
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