GCM Resources (LON:GCM) Shares Up 38.9% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price rose 38.9% during trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.95 ($0.03). Approximately 7,452,965 shares were traded during mid-day trading, an increase of 936% from the average daily volume of 719,721 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Price Performance

The firm has a market capitalization of £7.38 million, a PE ratio of -3.45 and a beta of 0.73. The stock has a 50-day moving average price of GBX 1.60 and a 200 day moving average price of GBX 2.10. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.

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.

Further Reading

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