Greenland Minerals and Energy (ASX:GGG) Shares Up 7.1%

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Greenland Minerals and Energy Limited (ASX:GGG)’s stock price shot up 7.1% during mid-day trading on Tuesday . The company traded as high as A$0.16 ($0.11) and last traded at A$0.15 ($0.11), 4,706,219 shares were traded during mid-day trading. The stock had previously closed at A$0.14 ($0.10).

The company has a market capitalization of $169.90 million and a P/E ratio of -50.00. The stock’s fifty day moving average is A$0.14.

Greenland Minerals and Energy Company Profile (ASX:GGG)

Greenland Minerals Limited engages in the exploration and evaluation of mineral properties in Australia. The company explores for rare earth elements, uranium, and zinc. It primarily focuses on advancing the Kvanefjeld multi-element project located in southern Greenland. The company was formerly known as Greenland Minerals and Energy Limited and changed its name to Greenland Minerals Limited in June 2018.

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