Greatland Resources Ltd (LON:GGP – Get Free Report) shares passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 604.84 and traded as low as GBX 526.50. Greatland Resources shares last traded at GBX 532, with a volume of 2,188,502 shares.
Analyst Ratings Changes
Separately, Citigroup reduced their target price on shares of Greatland Resources from GBX 816 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 733.67.
View Our Latest Report on Greatland Resources
Greatland Resources Trading Up 1.4%
Insider Activity
In related news, insider Alex Borrelli sold 526,880 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 700, for a total transaction of £3,688,160. 36.05% of the stock is currently owned by insiders.
Greatland Resources Ltd is a materials company in the Gold industry.
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