GCM Resources (LON:GCM) Shares Down 9% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) traded down 9% during trading on Thursday . The stock traded as low as GBX 4.14 ($0.05) and last traded at GBX 4.28 ($0.06). 3,520,907 shares changed hands during trading, an increase of 46% from the average session volume of 2,405,423 shares. The stock had previously closed at GBX 4.70 ($0.06).

GCM Resources Price Performance

The stock has a market cap of £12.49 million, a P/E ratio of -5.83 and a beta of 0.73. 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 business’s 50-day simple moving average is GBX 1.96 and its two-hundred day simple moving average is GBX 2.13.

About GCM Resources

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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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