GCM Resources (LON:GCM) Shares Down 9.1% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) shares traded down 9.1% on Monday . The company traded as low as GBX 3.50 ($0.05) and last traded at GBX 3.64 ($0.05). 3,669,697 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 1,988,675 shares. The stock had previously closed at GBX 4 ($0.05).

GCM Resources Stock Up 2.0 %

The stock’s 50-day moving average price is GBX 1.90 and its two-hundred day moving average price is GBX 2.11. 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 stock has a market capitalization of £14.97 million, a P/E ratio of -6.99 and a beta of 0.73.

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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