GCM Resources (LON:GCM) Stock Price Down 11.1% – Here’s What Happened

Shares of GCM Resources Plc (LON:GCM) traded down 11.1% on Wednesday . The stock traded as low as GBX 4.80 and last traded at GBX 4.80. 869,819 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,889,470 shares. The stock had previously closed at GBX 5.40.

GCM Resources Stock Down 5.6%

The firm has a market capitalization of £18.78 million, a PE ratio of -10.20 and a beta of 0.91. The company has a fifty day simple moving average of GBX 6.56 and a two-hundred day simple moving average of GBX 6.88. The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09.

GCM Resources (LON:GCM) last issued its earnings results on Tuesday, March 31st. The company reported GBX (0.30) earnings per share 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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.