GCM Resources (LON:GCM) Stock Price Down 3.3% – Time to Sell?

GCM Resources Plc (LON:GCMGet Free Report) traded down 3.3% during trading on Thursday . The stock traded as low as GBX 1.70 ($0.02) and last traded at GBX 2.03 ($0.03). 5,139,967 shares were traded during trading, an increase of 288% from the average session volume of 1,323,096 shares. The stock had previously closed at GBX 2.10 ($0.03).

GCM Resources Stock Performance

The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The stock has a fifty day simple moving average of GBX 1.60 and a two-hundred day simple moving average of GBX 2.09. The firm has a market capitalization of £6.14 million, a P/E ratio of -2.86 and a beta of 0.73.

GCM Resources Company Profile

(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.

Further Reading

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