GCM Resources (LON:GCM) Trading 46.3% Higher – Should You Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price was up 46.3% during mid-day trading on Tuesday . The stock traded as high as GBX 2.80 ($0.04) and last traded at GBX 2.67 ($0.03). Approximately 18,721,391 shares traded hands during mid-day trading, an increase of 1,604% from the average daily 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 cap of £7.38 million, a P/E ratio of -3.45 and a beta of 0.73. The business’s 50 day simple moving average is GBX 1.59 and its 200 day simple moving average is GBX 2.10. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76.

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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