GCM Resources (LON:GCM) Trading Up 33.4% – Here’s Why

by · The Markets Daily

GCM Resources Plc (LON:GCM – Get Free Report) shares traded up 33.4% during trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). 8,381,048 shares were traded during trading, an increase of 1,034% from the average session volume of 739,056 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Price 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 stock has a market capitalization of £6.45 million, a PE ratio of -3.01 and a beta of 0.73. The business’s 50-day moving average price is GBX 1.60 and its 200 day moving average price is GBX 2.10.

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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