GCM Resources (LON:GCM) Trading 35.1% Higher – What’s Next?

GCM Resources Plc (LON:GCM)’s share price rose 35.1% during mid-day trading on Tuesday . The stock traded as high as GBX 2.80 ($0.04) and last traded at GBX 2.47 ($0.03). Approximately 21,580,945 shares traded hands during mid-day trading, an increase of 1,765% from the average daily volume of 1,156,905 shares. The stock had previously closed at GBX 1.83 ($0.02).

GCM Resources Stock Up 35.1 %

The firm has a fifty day simple moving average of GBX 1.59 and a 200-day simple moving average of GBX 2.10. 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 has a market capitalization of £7.38 million, a P/E ratio of -3.45 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.