Greatland Gold (GGP.L) Shares Gain Another 0.42%: When Will The Company Eran Profits?

It has been a prosperous year for Greatland Gold as it had significantly improved its share prices. The company was in severe stagnation when the prices rose to 36.9 GBP in December of 2020. At the moment, the price is fluctuating at 19 GBP with a surplus of 0.42% and 0.08 GBP since the previous close at 18.92 GBP. The company’s EPS rate is -0.1 which might indicate some losses in its earnings.

The price of Greatland Gold has had an interesting recent history. The stock has lost over half of its value since gaining about 1,900 % in 2020. And has been largely inactive for the previous few months.

The company is an early-stage exploration enterprise that is about to enter the production phase of its mining operations. The stock increased when the management team stated that Havieron, its flagship project, has an estimated 4.2 million ounces of gold and comparable metals. Based on today’s values, that is worth about £5.4 billion. While these recent findings are encouraging, Greatland Gold still has a long way to go before it can start mining and profiting.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

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