GCM Resources Plc (LON:GCM – Get Free Report)’s share price shot up 42.9% during mid-day trading on Friday . The company traded as high as GBX 4.40 ($0.06) and last traded at GBX 4 ($0.05). 11,307,676 shares were traded during mid-day trading, an increase of 481% from the average session volume of 1,944,845 shares. The stock had previously closed at GBX 2.80 ($0.04).
GCM Resources Trading Up 42.9 %
The stock has a 50-day simple moving average of GBX 1.73 and a two-hundred day simple moving average of GBX 2.08. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The firm has a market cap of £11.98 million, a PE ratio of -5.59 and a beta of 0.73.
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.
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