GCM Resources (LON:GCM) Stock Jumps 12.5% – What’s Next?
by Sarita Garza · The Markets DailyGCM Resources Plc (LON:GCM – Get Free Report) traded up 12.5% during trading on Thursday. The stock traded as high as GBX 18.50 and last traded at GBX 18. 3,636,785 shares changed hands during trading, an increase of 10% from the average session volume of 3,309,751 shares. The stock had previously closed at GBX 16.
GCM Resources Stock Performance
The company’s 50-day moving average is GBX 12.41 and its two-hundred day moving average is GBX 7.76. The firm has a market cap of £71.79 million, a P/E ratio of -38.00 and a beta of 0.71. The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 17.40.
Insider Activity
In other news, insider Keith Fulton sold 144,368 shares of GCM Resources stock in a transaction on Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total value of £24,542.56. 0.67% of the stock is currently owned by corporate insiders.
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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.