Goldstone Resources (LON:GRL) Trading Up 9% – Should You Buy?

Goldstone Resources Limited (LON:GRLGet Free Report) shares shot up 9% during mid-day trading on Thursday . The company traded as high as GBX 1.20 ($0.02) and last traded at GBX 1.12 ($0.01). 23,974,371 shares traded hands during mid-day trading, an increase of 485% from the average session volume of 4,101,628 shares. The stock had previously closed at GBX 1.03 ($0.01).

Goldstone Resources Price Performance

The stock’s fifty day moving average price is GBX 1.18 and its 200-day moving average price is GBX 1.18. The company has a debt-to-equity ratio of 121.33, a quick ratio of 0.17 and a current ratio of 0.22. The firm has a market cap of £13.76 million, a PE ratio of -5.80 and a beta of 0.26.

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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