Goldstone Resources (LON:GRL) Trading Down 7.2% – Should You Sell?

Goldstone Resources Limited (LON:GRLGet Free Report) was down 7.2% during mid-day trading on Wednesday . The company traded as low as GBX 1.06 ($0.01) and last traded at GBX 1.09 ($0.01). Approximately 10,949,021 shares were traded during trading, an increase of 406% from the average daily volume of 2,162,747 shares. The stock had previously closed at GBX 1.18 ($0.01).

Goldstone Resources Trading Down 1.4 %

The company has a 50 day simple moving average of GBX 1.17 and a 200 day simple moving average of GBX 1.19. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 121.33. The stock has a market capitalization of £11.39 million, a PE ratio of -4.80 and a beta of 0.26.

About Goldstone Resources

(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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