GCM Resources (LON:GCM) Trading 23% Higher – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) traded up 23% during mid-day trading on Thursday . The company traded as high as GBX 3.60 ($0.05) and last traded at GBX 3.32 ($0.04). 3,769,706 shares changed hands during trading, an increase of 69% from the average session volume of 2,234,805 shares. The stock had previously closed at GBX 2.70 ($0.04).

GCM Resources Trading Down 1.4%

The company has a 50-day moving average price of GBX 2.66 and a 200-day moving average price of GBX 2.18. 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 firm has a market capitalization of £10.93 million, a price-to-earnings ratio of -5.10 and a beta of 0.73.

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