GCM Resources (LON:GCM) Trading Up 15.9% – Here’s Why

GCM Resources Plc (LON:GCM)’s stock price traded up 15.9% during mid-day trading on Tuesday . The stock traded as high as GBX 5.05 ($0.06) and last traded at GBX 4.87 ($0.06). 20,789,832 shares traded hands during mid-day trading, an increase of 759% from the average session volume of 2,421,299 shares. The stock had previously closed at GBX 4.20 ($0.05).

GCM Resources Stock Down 25.5 %

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The business has a 50 day simple moving average of GBX 1.96 and a 200-day simple moving average of GBX 2.13. The firm has a market capitalization of £10.48 million, a price-to-earnings ratio of -4.89 and a beta of 0.73.

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.