Shares of GCM Resources Plc (LON:GCM – Get Free Report) dropped 24.2% during mid-day trading on Saturday . The company traded as low as GBX 2.70 ($0.03) and last traded at GBX 2.73 ($0.04). Approximately 51,750,059 shares changed hands during mid-day trading, an increase of 1,477% from the average daily volume of 3,281,368 shares. The stock had previously closed at GBX 3.60 ($0.05).
GCM Resources Stock Performance
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 £8.18 million, a price-to-earnings ratio of -3.82 and a beta of 0.73. The firm’s 50-day moving average price is GBX 2.02 and its two-hundred day moving average price is GBX 2.14.
GCM Resources Company Profile
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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