Goldstone Resources (LON:GRL) Shares Up 20.6% – Should You Buy?

Goldstone Resources Limited (LON:GRLGet Free Report) rose 20.6% on Monday . The company traded as high as GBX 1.45 ($0.02) and last traded at GBX 1.39 ($0.02). Approximately 4,570,572 shares changed hands during trading, an increase of 229% from the average daily volume of 1,389,859 shares. The stock had previously closed at GBX 1.15 ($0.01).

Goldstone Resources Stock Up 3.8 %

The firm has a fifty day simple moving average of GBX 1.18 and a 200-day simple moving average of GBX 1.16. The company has a market capitalization of £9.63 million, a PE ratio of -159.60 and a beta of 0.26. The company has a debt-to-equity ratio of 121.33, a quick ratio of 0.17 and a current ratio of 0.22.

Goldstone Resources Company Profile

(Get Free Report)

Goldstone Resources Limited, through its subsidiaries, engages in the exploration and mining of gold and associated elements. It holds 100% interest in the Akrokeri project; and 90% interest in the Homase project located in the Akrokeri-Homase Gold Project in Ghana. The company was incorporated in 1998 and is based in Saint Helier, Jersey.

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