Shares of GCM Resources Plc (LON:GCM – Get Free Report) were down 11.9% during mid-day trading on Monday. The stock traded as low as GBX 14 and last traded at GBX 14.10. Approximately 2,972,340 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 3,364,750 shares. The stock had previously closed at GBX 16.
GCM Resources Price Performance
The stock has a market capitalization of £53.27 million, a P/E ratio of -28.20 and a beta of 0.71. The stock’s fifty day moving average is GBX 9.94 and its 200-day moving average is GBX 7.22. 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 Buying and Selling at GCM Resources
In other GCM Resources news, insider Keith Fulton sold 144,368 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total value of £24,542.56. 0.67% of the stock is owned by corporate insiders.
GCM Resources Company Profile
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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