Greatland Resources ( (GB:GGP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Greatland Resources shares came under pressure after Citi cut its rating on the stock to Neutral, signalling a more cautious stance from the major broker. Citi also trimmed its price target, suggesting less upside ahead for investors in the near term.
In company news, Greatland confirmed Ben Secrett as Company Secretary, replacing interim holder Matthew Kwan. The move is aimed at tightening governance as the Telfer and Havieron projects move into more advanced stages of development.
More about Greatland Resources
YTD Price Performance: 41.15%
Average Trading Volume: 2,876,576
Technical Sentiment Signal: Buy
Current Market Cap: £4.95B
For further insights into GGP stock on TipRanks’ Stock Analysis page.
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