GCM Resources (LON:GCM) Trading 38.9% Higher – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price traded up 38.9% during trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.95 ($0.03). 7,452,965 shares changed hands during mid-day trading, an increase of 936% from the average session volume of 719,721 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Price Performance

The firm has a market capitalization of £7.38 million, a P/E ratio of -3.45 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The stock’s fifty day simple moving average is GBX 1.60 and its 200 day simple moving average is GBX 2.10.

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.

Further Reading

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