GCM Resources Plc (LON:GCM – Get Free Report) shares rose 42.9% on Friday . The company traded as high as GBX 4.40 ($0.06) and last traded at GBX 4 ($0.05). Approximately 11,307,676 shares traded hands during trading, an increase of 481% from the average daily volume of 1,944,845 shares. The stock had previously closed at GBX 2.80 ($0.04).
GCM Resources Price Performance
The business’s 50 day moving average price is GBX 1.78 and its two-hundred day moving average price is GBX 2.10. The stock has a market cap of £11.98 million, a P/E ratio of -5.59 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76.
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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