GCM Resources Plc (LON:GCM – Get Free Report) shares shot up 8.6% during mid-day trading on Wednesday . The company traded as high as GBX 7.99 ($0.11) and last traded at GBX 7.99 ($0.11). 939,061 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 1,772,760 shares. The stock had previously closed at GBX 7.36 ($0.10).
GCM Resources Stock Up 16.0%
The firm has a market capitalization of £29.26 million, a price-to-earnings ratio of -1,087.50 and a beta of 0.73. The business has a 50 day simple moving average of GBX 5.74 and a 200-day simple moving average of GBX 4.19. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.
About GCM Resources
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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