Blencowe Resources (LON:BRES) Shares Up 0.1% – Time to Buy?

Blencowe Resources Plc (LON:BRESGet Free Report)’s share price was up 0.1% during trading on Tuesday . The company traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.13 ($0.05). Approximately 590,885 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 452,429 shares. The stock had previously closed at GBX 4.13 ($0.05).

Blencowe Resources Stock Up 9.1 %

The company has a debt-to-equity ratio of 14.00, a current ratio of 0.45 and a quick ratio of 3.57. The company has a market capitalization of £10.19 million, a price-to-earnings ratio of -450.00 and a beta of 0.87. The firm has a 50-day moving average price of GBX 3.94 and a two-hundred day moving average price of GBX 4.45.

Blencowe Resources Company Profile

(Get Free Report)

Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.

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