GCM Resources (LON:GCM) Trading Up 31.4% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report) shares rose 31.4% on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.84 ($0.02). Approximately 7,268,447 shares were traded during trading, an increase of 915% from the average daily volume of 715,877 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Up 31.4 %

The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The company has a market cap of £5.51 million, a price-to-earnings ratio of -2.57 and a beta of 0.73. The stock has a 50-day simple moving average of GBX 1.59 and a 200-day simple moving average of GBX 2.11.

GCM Resources Company Profile

(Get Free Report)

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.

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