GCM Resources (LON:GCM) Shares Down 9.4% – What’s Next?

GCM Resources Plc (LON:GCM) traded down 9.4% on Tuesday . The stock traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.90 ($0.04). 5,451,105 shares traded hands during trading, an increase of 211% from the average session volume of 1,751,258 shares. The stock had previously closed at GBX 3.20 ($0.04).

GCM Resources Stock Down 3.7 %

The company has a market cap of £8.50 million, a P/E ratio of -3.97 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The business’s 50 day moving average price is GBX 1.71 and its 200-day moving average price is GBX 2.08.

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.