Greatland Gold (LON:GGP) Receives “Buy” Rating from Berenberg Bank

Greatland Gold (LON:GGPGet Free Report)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 12 ($0.15) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 90.48% from the company’s previous close.

Greatland Gold Price Performance

Shares of GGP traded down GBX 0.50 ($0.01) on Thursday, reaching GBX 6.30 ($0.08). The stock had a trading volume of 21,999,031 shares, compared to its average volume of 8,965,509. The firm has a market capitalization of £320.67 million, a PE ratio of -938.00 and a beta of 0.65. The company has a quick ratio of 2.36, a current ratio of 5.01 and a debt-to-equity ratio of 79.87. The firm has a 50-day moving average of GBX 7.85 and a 200 day moving average of GBX 7.88. Greatland Gold has a twelve month low of GBX 5.70 ($0.07) and a twelve month high of GBX 11.70 ($0.15).

About Greatland Gold

(Get Free Report)

Greatland Gold plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in Australia. It explores for gold, copper, cobalt, and nickel deposits. The company's flagship project is the 30% owned Havieron deposit, covering an area of 38 square kilometers located in the Paterson province of Western Australia.

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