Shares of GCM Resources Plc (LON:GCM – Get Free Report) shot up 15.9% during trading on Tuesday . The stock traded as high as GBX 5.05 ($0.07) and last traded at GBX 4.87 ($0.06). Approximately 20,789,832 shares changed hands during mid-day trading, an increase of 759% from the average daily volume of 2,421,299 shares. The stock had previously closed at GBX 4.20 ($0.05).
GCM Resources Stock Down 25.5 %
The firm’s 50-day moving average price is GBX 1.96 and its 200 day moving average price is GBX 2.13. 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 capitalization of £10.48 million, a price-to-earnings ratio of -4.89 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.
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