GCM Resources (LON:GCM) Stock Price Up 12.5% – Here’s What Happened

Shares of GCM Resources Plc (LON:GCMGet Free Report) were up 12.5% on Friday . The company traded as high as GBX 2.95 ($0.04) and last traded at GBX 2.70 ($0.04). Approximately 4,126,510 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 2,261,137 shares. The stock had previously closed at GBX 2.40 ($0.03).

GCM Resources Stock Up 7.4%

The business has a fifty day simple moving average of GBX 2.76 and a two-hundred day simple moving average of 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 company has a market cap of £8.68 million, a PE ratio of -4.05 and a beta of 0.73.

GCM Resources (LON:GCMGet Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported GBX (0.50) (($0.01)) earnings per share for the quarter.

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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