Blencowe Resources Plc (LON:BRES – Get Free Report)’s share price traded up 14.4% during mid-day trading on Thursday . The stock traded as high as GBX 4.50 ($0.05) and last traded at GBX 4.29 ($0.05). 645,883 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 299,657 shares. The stock had previously closed at GBX 3.75 ($0.05).
Blencowe Resources Price Performance
The firm’s fifty day simple moving average is GBX 3.93 and its 200-day simple moving average is GBX 4.54. The firm has a market capitalization of £9.62 million, a PE ratio of -425.00 and a beta of 0.87. The company has a quick ratio of 3.57, a current ratio of 0.45 and a debt-to-equity ratio of 14.00.
About Blencowe Resources
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.
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