GCM Resources (LON:GCM) Stock Price Up 14.7% – Still a Buy?

GCM Resources Plc (LON:GCM)’s stock price traded up 14.7% during mid-day trading on Monday . The company traded as high as GBX 3.70 ($0.05) and last traded at GBX 3.28 ($0.04). 14,020,206 shares changed hands during mid-day trading, an increase of 736% from the average session volume of 1,676,795 shares. The stock had previously closed at GBX 2.86 ($0.04).

GCM Resources Trading Down 3.7 %

The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The stock has a market capitalization of £8.50 million, a price-to-earnings ratio of -3.97 and a beta of 0.73. The business has a 50 day simple moving average of GBX 1.68 and a 200-day simple moving average of GBX 2.08.

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.