Blencowe Resources (LON:BRES) Stock Price Down 9.5% – Should You Sell?

Blencowe Resources Plc (LON:BRESGet Free Report)’s stock price traded down 9.5% during trading on Friday . The stock traded as low as GBX 7.10 and last traded at GBX 7.15. 9,209,281 shares were traded during mid-day trading, an increase of 232% from the average session volume of 2,769,870 shares. The stock had previously closed at GBX 7.90.

Blencowe Resources Price Performance

The business has a fifty day moving average of GBX 7.07 and a 200 day moving average of GBX 5.15. The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57. The stock has a market cap of £27.92 million, a PE ratio of -31.09 and a beta of 0.87.

About Blencowe Resources

(Get Free Report)

Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.

Further Reading

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