GCM Resources (LON:GCM) Shares Up 26.4% – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s stock price shot up 26.4% during trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.77 ($0.02). 7,775,525 shares were traded during trading, an increase of 970% from the average session volume of 726,441 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Trading Up 33.6 %

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 company has a market cap of £5.60 million, a price-to-earnings ratio of -2.61 and a beta of 0.73. The firm has a 50-day moving average price of GBX 1.59 and a 200 day moving average price of GBX 2.11.

GCM Resources Company Profile

(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

Receive News & Ratings for GCM Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCM Resources and related companies with MarketBeat.com's FREE daily email newsletter.