Goldstone Resources (LON:GRL) Trading Down 11.2% – What’s Next?

Goldstone Resources Limited (LON:GRL) shares were 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). Approximately 276,531 shares changed hands during trading, a decline of 63% from the average daily volume of 753,738 shares. The stock had previously closed at GBX 1.25 ($0.02).

Goldstone Resources Stock Performance

The firm has a market cap of £8.35 million, a PE ratio of -159.60 and a beta of 0.26. The business has a 50 day simple moving average of GBX 1.12 and a two-hundred day simple moving average of GBX 1.13. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 121.33.

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.