GCM Resources (LON:GCM) Stock Price Up 33.4% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price was up 33.4% on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). Approximately 8,381,048 shares changed hands during trading, an increase of 1,034% from the average daily volume of 739,056 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Trading Down 19.0 %

The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The stock has a market cap of £6.45 million, a PE ratio of -3.01 and a beta of 0.73. The firm has a 50-day simple moving average of GBX 1.60 and a 200-day simple moving average of GBX 2.10.

About GCM Resources

(Get Free Report)

GCM Resources Plc, together with its subsidiaries, operates as a resource exploration and development company in the United States. The company primarily engages in the development of the Phulbari coal and power project that relates to thermal coal and semi-soft coking coal located in Northwest, Bangladesh.

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