GCM Resources Plc (LON:GCM – Get Free Report)’s stock price rose 42.3% during trading on Monday . The stock traded as high as GBX 18.84 and last traded at GBX 18. Approximately 5,899,283 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 3,291,665 shares. The stock had previously closed at GBX 12.65.
GCM Resources Stock Performance
The firm has a market capitalization of £68.01 million, a price-to-earnings ratio of -36.00 and a beta of 0.71. The company has a debt-to-equity ratio of 17.40, a current ratio of 0.09 and a quick ratio of 0.11. The firm has a 50 day moving average price of GBX 7.59 and a 200-day moving average price of GBX 6.75.
Insiders Place Their Bets
In other GCM Resources news, insider Keith Fulton sold 144,368 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total transaction of £24,542.56. 0.67% of the stock is currently owned by company insiders.
About GCM Resources
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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.
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