Blencowe Resources Plc (LON:BRES – Get Free Report) shares were up 5.7% during mid-day trading on Friday . The stock traded as high as GBX 8.50 and last traded at GBX 8.35. Approximately 4,253,598 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 4,452,022 shares. The stock had previously closed at GBX 7.90.
Blencowe Resources Trading Up 5.7%
The company has a 50-day simple moving average of GBX 8.20 and a 200-day simple moving average of GBX 8.15. The company has a debt-to-equity ratio of 9.77, a quick ratio of 3.57 and a current ratio of 1.63. The stock has a market cap of £45.39 million, a P/E ratio of -15.46 and a beta of 1.40.
About Blencowe Resources
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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.
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