Blencowe Resources Plc (LON:BRES – Get Free Report) rose 8.6% on Tuesday . The company traded as high as GBX 5.15 ($0.07) and last traded at GBX 5.05 ($0.07). Approximately 867,660 shares traded hands during trading, an increase of 65% from the average daily volume of 525,031 shares. The stock had previously closed at GBX 4.65 ($0.06).
Blencowe Resources Stock Up 14.0 %
The stock has a market cap of £12.00 million, a P/E ratio of -465.00 and a beta of 0.87. The company has a quick ratio of 3.57, a current ratio of 0.45 and a debt-to-equity ratio of 14.00. The company has a 50-day simple moving average of GBX 4.85 and a two-hundred day simple moving average of GBX 4.99.
About Blencowe Resources
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.
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