Goldstone Resources (LON:GRL) Trading Up 9.5% – Time to Buy?

Shares of Goldstone Resources Limited (LON:GRLGet Free Report) were up 9.5% on Wednesday . The company traded as high as GBX 1.15 ($0.01) and last traded at GBX 1.15 ($0.01). Approximately 2,919,520 shares traded hands during trading, a decline of 7% from the average daily volume of 3,134,327 shares. The stock had previously closed at GBX 1.05 ($0.01).

Goldstone Resources Price Performance

The firm has a market cap of £9.06 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 stock has a 50 day moving average price of GBX 1.01 and a two-hundred day moving average price of GBX 1.34.

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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