GCM Resources (LON:GCM) Stock Price Up 13.7% – Time to Buy?

GCM Resources Plc (LON:GCMGet Free Report) was up 13.7% during mid-day trading on Friday . The stock traded as high as GBX 2.27 ($0.03) and last traded at GBX 1.99 ($0.03). Approximately 340,833 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,217,090 shares. The stock had previously closed at GBX 1.75 ($0.02).

GCM Resources Stock Performance

The company has a debt-to-equity ratio of 14.77, a current ratio of 0.06 and a quick ratio of 0.11. The company’s fifty day moving average price is GBX 2.17 and its 200 day moving average price is GBX 3.47. The company has a market cap of £5.53 million, a PE ratio of -200.00 and a beta of 0.73.

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.

Further Reading

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