GCM Resources (LON:GCM) Stock Price Up 33.6% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) traded up 33.6% during mid-day trading on Monday . The stock traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). 7,967,525 shares were traded during trading, an increase of 991% from the average session volume of 730,441 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Trading Down 6.8 %

The firm has a market capitalization of £7.43 million, a PE ratio of -3.47 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The company’s 50-day simple moving average is GBX 1.60 and its 200 day simple moving average is GBX 2.10.

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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