Shares of GCM Resources Plc (LON:GCM – Get Free Report) were up 14.4% on Monday. The company traded as high as GBX 10 and last traded at GBX 8. 18,377,582 shares traded hands during mid-day trading, an increase of 455% from the average daily volume of 3,309,599 shares. The stock had previously closed at GBX 6.99.
GCM Resources Stock Performance
The firm has a market capitalization of £30.23 million, a P/E ratio of -16.00 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. The firm has a 50-day moving average price of GBX 14.71 and a two-hundred day moving average price of GBX 8.30.
Insider Buying and Selling
In related news, insider Keith Fulton sold 144,368 shares of GCM Resources 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 owned by corporate insiders.
About GCM Resources
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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