GCM Resources (LON:GCM) Shares Down 9% – Should You Sell?

Shares of GCM Resources Plc (LON:GCMGet Free Report) traded down 9% during mid-day trading on Thursday . The company traded as low as GBX 4.14 ($0.05) and last traded at GBX 4.28 ($0.06). 3,520,907 shares changed hands during trading, an increase of 46% from the average session volume of 2,405,423 shares. The stock had previously closed at GBX 4.70 ($0.06).

GCM Resources Trading Down 24.2 %

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 company’s 50 day moving average is GBX 2.02 and its 200 day moving average is GBX 2.14. The stock has a market capitalization of £8.18 million, a price-to-earnings ratio of -3.82 and a beta of 0.73.

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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