GCM Resources (LON:GCM) Shares Up 10.3% – Should You Buy?

GCM Resources Plc (LON:GCM)’s share price shot up 10.3% on Saturday . The company traded as high as GBX 4 ($0.05) and last traded at GBX 3.75 ($0.05). 1,722,266 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 2,119,384 shares. The stock had previously closed at GBX 3.40 ($0.05).

GCM Resources Trading Up 10.3%

The stock has a market capitalization of £11.23 million, a price-to-earnings ratio of -5.24 and a beta of 0.73. The company’s 50 day moving average is GBX 3.02 and its 200 day moving average is GBX 2.39. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

GCM Resources (LON:GCM) last released its earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) EPS for the quarter.

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.