GCM Resources (LON:GCM) Shares Down 24.2% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) was down 24.2% during mid-day trading on Friday . 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 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 market capitalization of £8.18 million, a P/E ratio of -3.82 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The company’s fifty day moving average is GBX 2.02 and its 200 day moving average is GBX 2.14.

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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