Goldstone Resources (LON:GRL) Reaches New 12-Month Low – Should You Sell?

Goldstone Resources Limited (LON:GRLGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 0.61 ($0.01) and last traded at GBX 0.77 ($0.01), with a volume of 13413486 shares traded. The stock had previously closed at GBX 0.85 ($0.01).

Goldstone Resources Stock Performance

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 company has a 50 day moving average of GBX 1.06 and a 200 day moving average of GBX 1.31. The firm has a market cap of £5.49 million, a price-to-earnings ratio of -159.60 and a beta of 0.26.

About Goldstone Resources

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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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