GCM Resources (LON:GCM) Stock Price Up 43.5% – Here’s What Happened

by · The Cerbat Gem

GCM Resources Plc (LON:GCM – Get Free Report) shares shot up 43.5% during mid-day trading on Friday . The stock traded as high as GBX 2.92 ($0.04) and last traded at GBX 2.73 ($0.04). 5,578,173 shares were traded during trading, an increase of 292% from the average session volume of 1,423,359 shares. The stock had previously closed at GBX 1.90 ($0.02).

GCM Resources Stock Performance

The stock has a fifty day moving average price of GBX 1.61 and a 200 day moving average price of GBX 2.09. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The firm has a market cap of £8.56 million, a price-to-earnings ratio of -4.00 and a beta of 0.73.

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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