GCM Resources (LON:GCM) Shares Up 50.5% – What’s Next?

GCM Resources Plc (LON:GCM)’s stock price shot up 50.5% on Saturday . The stock traded as high as GBX 3 ($0.04) and last traded at GBX 2.86 ($0.04). 6,413,438 shares traded hands during mid-day trading, an increase of 346% from the average session volume of 1,439,421 shares. The stock had previously closed at GBX 1.90 ($0.02).

GCM Resources Stock Performance

The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The stock’s fifty day moving average is GBX 1.63 and its two-hundred day moving average is GBX 2.08. The firm has a market capitalization of £8.56 million, a price-to-earnings ratio of -4.00 and a beta of 0.73.

GCM Resources Company Profile

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.