Goldstone Resources (LON:GRL) Stock Price Down 8.7% – What’s Next?

Goldstone Resources Limited (LON:GRL)’s stock price dropped 8.7% on Friday . The company traded as low as GBX 1.21 ($0.02) and last traded at GBX 1.21 ($0.02). Approximately 424,094 shares traded hands during trading, a decline of 86% from the average daily volume of 3,134,327 shares. The stock had previously closed at GBX 1.33 ($0.02).

Goldstone Resources Stock Performance

The company has a debt-to-equity ratio of 121.33, a quick ratio of 0.17 and a current ratio of 0.22. The company has a market capitalization of £8.63 million, a price-to-earnings ratio of -159.60 and a beta of 0.26. The firm has a 50-day simple moving average of GBX 1.09 and a two-hundred day simple moving average of GBX 1.19.

About Goldstone Resources

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.