Goldstone Resources (LON:GRL) Stock Passes Below 200-Day Moving Average of $1.72

Goldstone Resources Ltd (LON:GRL) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.72 and traded as low as $1.62. Goldstone Resources shares last traded at $1.62, with a volume of 36,775 shares changing hands.

The firm has a market capitalization of $4.25 million and a PE ratio of -5.67. The company has a debt-to-equity ratio of 10.70, a current ratio of 0.95 and a quick ratio of 0.95. The company’s fifty day simple moving average is GBX 1.88 and its 200 day simple moving average is GBX 1.72.

About Goldstone Resources (LON:GRL)

Goldstone Resources Limited is engaged in the exploration and mining of gold and associated elements. The Company operates through two segments: exploration and corporate. Its exploration segment includes Homase and Akrokerri licenses (Ghana), the Manso Amenfi license (Ghana), the Sangola license (Senegal), the Oyem license (Gabon) and the Ngoutou license (Gabon).

Further Reading: Bear Market – How and Why They Occur

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