GCM Resources (LON:GCM) Shares Up 15.4% – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s stock price was up 15.4% during trading on Tuesday . The company traded as high as GBX 5 ($0.06) and last traded at GBX 4.85 ($0.06). Approximately 13,791,997 shares were traded during mid-day trading, an increase of 499% from the average daily volume of 2,302,692 shares. The stock had previously closed at GBX 4.20 ($0.05).

GCM Resources Stock Performance

The company has a market capitalization of £12.20 million, a P/E ratio of -5.70 and a beta of 0.73. The business has a 50 day moving average of GBX 1.96 and a 200 day moving average of GBX 2.13. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.

About GCM Resources

(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.

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