GCM Resources (LON:GCM) Trading 42.9% Higher – What’s Next?

by · The Cerbat Gem

GCM Resources Plc (LON:GCM – Get Free Report) rose 42.9% during mid-day trading on Friday . The stock traded as high as GBX 4.40 ($0.06) and last traded at GBX 4 ($0.05). Approximately 11,307,676 shares changed hands during mid-day trading, an increase of 481% from the average daily volume of 1,944,845 shares. The stock had previously closed at GBX 2.80 ($0.04).

GCM Resources Stock Performance

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 has a market cap of £11.98 million, a price-to-earnings ratio of -5.59 and a beta of 0.73. The firm’s 50-day moving average price is GBX 1.73 and its 200 day moving average price is GBX 2.08.

GCM Resources Company Profile

(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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