Blencowe Resources Plc (LON:BRES – Get Free Report) shares were up 5.7% during mid-day trading on Friday . The company traded as high as GBX 8.50 and last traded at GBX 8.35. Approximately 4,253,598 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 4,452,022 shares. The stock had previously closed at GBX 7.90.
Blencowe Resources Price Performance
The company has a debt-to-equity ratio of 9.77, a current ratio of 1.63 and a quick ratio of 3.57. The stock’s fifty day moving average is GBX 8.20 and its 200-day moving average is GBX 8.15. The stock has a market cap of £45.39 million, a PE ratio of -15.46 and a beta of 1.40.
About Blencowe Resources
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.
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