GCM Resources (LON:GCM) Stock Price Up 35.1% – Time to Buy?

by · The Cerbat Gem

GCM Resources Plc (LON:GCM – Get Free Report)’s stock price was up 35.1% during trading on Tuesday . The stock traded as high as GBX 2.80 ($0.04) and last traded at GBX 2.47 ($0.03). Approximately 21,580,945 shares traded hands during mid-day trading, an increase of 1,765% from the average daily volume of 1,156,905 shares. The stock had previously closed at GBX 1.83 ($0.02).

GCM Resources Stock Performance

The company has a market capitalization of £5.81 million, a PE ratio of -2.71 and a beta of 0.73. The business’s 50-day moving average is GBX 1.61 and its 200-day moving average is GBX 2.09. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

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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