Goldstone Resources (LON:GRL) Shares Down 11.2% – Time to Sell?

Goldstone Resources Limited (LON:GRLGet Free Report) shares traded down 11.2% during mid-day trading on Wednesday . The company traded as low as GBX 1.11 ($0.01) and last traded at GBX 1.11 ($0.01). 276,531 shares traded hands during trading, a decline of 63% from the average session volume of 753,738 shares. The stock had previously closed at GBX 1.25 ($0.02).

Goldstone Resources Price Performance

The stock has a market cap of £8.07 million, a PE ratio of -159.60 and a beta of 0.26. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 121.33. The company’s fifty day moving average is GBX 1.13 and its 200 day moving average is GBX 1.14.

About Goldstone Resources

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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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