Blencowe Resources (LON:BRES) Announces Quarterly Earnings Results

Blencowe Resources (LON:BRES) issued its quarterly earnings results on Tuesday. The company reported GBX (0.31) earnings per share for the quarter, Digital Look Earnings reports.

Blencowe Resources Trading Up 1.4%

LON BRES traded up GBX 0.12 during trading hours on Tuesday, hitting GBX 8.50. 4,488,889 shares of the company’s stock were exchanged, compared to its average volume of 4,453,796. The stock has a 50-day simple moving average of GBX 8.17 and a 200 day simple moving average of GBX 8.18. Blencowe Resources has a 1-year low of GBX 3 and a 1-year high of GBX 12.20. The firm has a market cap of £46.20 million, a price-to-earnings ratio of -15.74 and a beta of 1.40. The company has a current ratio of 1.63, a quick ratio of 3.57 and a debt-to-equity ratio of 9.77.

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.