GCM Resources (LON:GCM) Shares Down 8.1% – Time to Sell?

by · The Cerbat Gem

GCM Resources Plc (LON:GCM – Get Free Report) was down 8.1% during mid-day trading on Wednesday . The company traded as low as GBX 2.58 ($0.03) and last traded at GBX 2.94 ($0.04). Approximately 9,061,438 shares were traded during trading, an increase of 398% from the average daily volume of 1,818,116 shares. The stock had previously closed at GBX 3.20 ($0.04).

GCM Resources Stock Performance

The company has a market capitalization of £8.39 million, a PE ratio of -3.91 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The company’s fifty day moving average is GBX 1.73 and its 200-day moving average is GBX 2.08.

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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