GCM Resources (LON:GCM) Sets New 12-Month Low – What’s Next?

Shares of GCM Resources Plc (LON:GCMGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 2.86 and last traded at GBX 2.93, with a volume of 1207882 shares. The stock had previously closed at GBX 3.10.

GCM Resources Price Performance

The company’s fifty day moving average price is GBX 4.58 and its two-hundred day moving average price is GBX 6.46. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40. The company has a market cap of £10.99 million, a price-to-earnings ratio of -5.86 and a beta of 0.72.

About GCM Resources

(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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.

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