GCM Resources (LON:GCM) Trading Up 15.9% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report)’s stock price rose 15.9% during trading on Tuesday . The company traded as high as GBX 5.05 ($0.07) and last traded at GBX 4.87 ($0.06). Approximately 20,789,832 shares changed hands during trading, an increase of 759% from the average daily volume of 2,421,299 shares. The stock had previously closed at GBX 4.20 ($0.05).

GCM Resources Trading Up 15.9 %

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The firm has a market capitalization of £14.58 million, a P/E ratio of -6.80 and a beta of 0.73. The firm has a 50 day moving average price of GBX 1.83 and a two-hundred day moving average price of GBX 2.10.

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.

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