Blencowe Resources (LON:BRES) Stock Price Down 11.9% – Should You Sell?

Shares of Blencowe Resources Plc (LON:BRES) fell 11.9% during trading on Monday . The company traded as low as GBX 3.70 ($0.05) and last traded at GBX 3.70 ($0.05). 916,513 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 546,212 shares. The stock had previously closed at GBX 4.20 ($0.05).

Blencowe Resources Stock Performance

The company has a quick ratio of 3.57, a current ratio of 0.12 and a debt-to-equity ratio of 16.04. The company has a 50-day moving average price of GBX 3.99 and a 200-day moving average price of GBX 4.34. The firm has a market capitalization of £10.96 million, a price-to-earnings ratio of -8.56 and a beta of 0.87.

Blencowe Resources (LON:BRES) last issued its quarterly earnings data on Friday, January 31st. The company reported GBX (0.45) (($0.01)) earnings per share (EPS) for the quarter.

Blencowe Resources Company Profile

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.