Blencowe Resources Plc (LON:BRES – Get Free Report) traded down 10.1% during trading on Wednesday. The company traded as low as GBX 6.20 and last traded at GBX 6.20. Approximately 3,806,579 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 3,996,173 shares. The stock had previously closed at GBX 6.90.
Blencowe Resources Stock Down 10.1%
The stock has a market capitalization of £31.08 million, a price-to-earnings ratio of -8.16 and a beta of 1.58. The business’s 50-day moving average is GBX 7.04 and its two-hundred day moving average is GBX 7.48. The company has a quick ratio of 3.57, a current ratio of 4.22 and a debt-to-equity ratio of 6.48.
Blencowe Resources Company Profile
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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