Blencowe Resources (LON:BRES) Trading 2% Higher – Still a Buy?

Blencowe Resources Plc (LON:BRESGet Free Report) rose 2% on Monday . The company traded as high as GBX 7.70 and last traded at GBX 7.60. 882,160 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 3,658,418 shares. The stock had previously closed at GBX 7.45.

Blencowe Resources Trading Up 4.6%

The firm has a market capitalization of £38.90 million, a price-to-earnings ratio of -10.39 and a beta of 1.43. The company has a debt-to-equity ratio of 6.48, a quick ratio of 3.57 and a current ratio of 4.22. The company has a 50 day moving average price of GBX 7.12 and a two-hundred day moving average price of GBX 8.06.

Blencowe Resources (LON:BRESGet Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The company reported GBX (0.31) EPS for the quarter.

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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.

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