GCM Resources Plc (LON:GCM – Get Free Report)’s share price dropped 23.6% during mid-day trading on Friday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 2.75 ($0.04). Approximately 42,604,809 shares were traded during trading, an increase of 1,259% from the average daily volume of 3,133,864 shares. The stock had previously closed at GBX 3.60 ($0.05).
GCM Resources Stock Down 24.2 %
The stock has a market capitalization of £8.18 million, a P/E ratio of -3.82 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The firm’s fifty day moving average is GBX 2.02 and its 200-day moving average is GBX 2.14.
About GCM Resources
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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