GCM Resources (LON:GCM) Trading 46.3% Higher – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded up 46.3% during trading on Tuesday . The company traded as high as GBX 2.80 ($0.04) and last traded at GBX 2.67 ($0.03). 18,721,391 shares changed hands during mid-day trading, an increase of 1,604% from the average session volume of 1,098,547 shares. The stock had previously closed at GBX 1.83 ($0.02).

GCM Resources Stock Performance

The company has a market capitalization of £5.81 million, a price-to-earnings ratio of -2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The company’s 50-day moving average price is GBX 1.60 and its two-hundred day moving average price is GBX 2.09.

GCM Resources Company Profile

(Get Free Report)

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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