GCM Resources (LON:GCM) Shares Down 7.6% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded down 7.6% during trading on Monday . The stock traded as low as GBX 3.50 ($0.05) and last traded at GBX 3.70 ($0.05). 3,747,487 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 1,990,016 shares. The stock had previously closed at GBX 4 ($0.05).

GCM Resources Stock Performance

The company has a market capitalization of £10.60 million, a price-to-earnings ratio of -4.95 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 stock has a 50 day simple moving average of GBX 1.78 and a two-hundred day simple moving average of GBX 2.09.

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.

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