Goldstone Resources (LON:GRL) Shares Down 10.5% – Time to Sell?

Goldstone Resources Limited (LON:GRL)’s share price was down 10.5% on Thursday . The company traded as low as GBX 0.82 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 1,413,278 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 3,134,327 shares. The stock had previously closed at GBX 0.95 ($0.01).

Goldstone Resources Trading Up 11.8 %

The company has a debt-to-equity ratio of 121.33, a current ratio of 0.22 and a quick ratio of 0.17. The business’s 50-day moving average is GBX 1.06 and its two-hundred day moving average is GBX 1.24. The firm has a market cap of £6.78 million, a P/E ratio of -159.60 and a beta of 0.26.

Goldstone Resources Company Profile

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.