GCM Resources Plc (LON:GCM – Get Free Report)’s share price fell 14.3% during trading on Tuesday . The stock traded as low as GBX 11.50 and last traded at GBX 12. 4,574,734 shares traded hands during trading, an increase of 51% from the average daily volume of 3,026,259 shares. The stock had previously closed at GBX 14.
GCM Resources Trading Down 7.5%
The business has a 50 day moving average of GBX 5.96 and a 200 day moving average of GBX 6.44. The firm has a market capitalization of £58.12 million, a price-to-earnings ratio of -31.00 and a beta of 0.71. The company has a debt-to-equity ratio of 17.40, a current ratio of 0.09 and a quick ratio of 0.11.
Insider Buying and Selling
In other GCM Resources news, insider Keith Fulton sold 144,368 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total value of £24,542.56. Insiders own 0.71% of the company’s stock.
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.
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