GCM Resources (LON:GCM) Trading Down 6.3% – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price was down 6.3% on Tuesday . The stock traded as low as GBX 12.50 and last traded at GBX 13.30. 6,099,365 shares traded hands during trading, an increase of 88% from the average session volume of 3,248,818 shares. The stock had previously closed at GBX 14.20.

GCM Resources Price Performance

The stock’s fifty day moving average is GBX 6.87 and its 200-day moving average is GBX 6.63. The stock has a market capitalization of £50.25 million, a PE ratio of -26.60 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.

Insider Activity

In other news, insider Keith Fulton sold 144,368 shares of the stock in a transaction dated Thursday, August 27th. The shares were 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 insiders.

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

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