GCM Resources (LON:GCM) Trading 50.5% Higher – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report)’s stock price shot up 50.5% during trading on Saturday . The company 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 debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The firm has a market cap of £8.56 million, a P/E ratio of -4.00 and a beta of 0.73. The business’s 50-day simple moving average is GBX 1.63 and its 200 day simple moving average is GBX 2.08.

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.

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