Blencowe Resources (LON:BRES) Sets New 52-Week Low – Should You Sell?

Blencowe Resources Plc (LON:BRESGet Free Report) shares hit a new 52-week low on Friday . The stock traded as low as GBX 2.90 ($0.04) and last traded at GBX 3.18 ($0.04), with a volume of 1198430 shares traded. The stock had previously closed at GBX 3.10 ($0.04).

Blencowe Resources Stock Performance

The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57. The business has a fifty day simple moving average of GBX 3.78 and a two-hundred day simple moving average of GBX 4.08. The company has a market cap of £9.42 million, a PE ratio of -7.36 and a beta of 0.87.

Blencowe Resources (LON:BRESGet Free Report) last released its earnings results on Friday, January 31st. The company reported GBX (0.45) (($0.01)) earnings per share (EPS) for the quarter.

Blencowe Resources Company Profile

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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.

Further Reading

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