GCM Resources (LON:GCM) Trading Down 9.4% – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s share price fell 9.4% during mid-day trading on Tuesday . The stock traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.90 ($0.04). 5,451,105 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 1,751,258 shares. The stock had previously closed at GBX 3.20 ($0.04).

GCM Resources Stock Down 9.4 %

The company’s fifty day moving average is GBX 1.66 and its 200-day moving average is GBX 2.08. The company has a market capitalization of £8.68 million, a PE ratio of -4.05 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

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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