GCM Resources (LON:GCM) Trading 7.4% Higher – Still a Buy?

Shares of GCM Resources Plc (LON:GCMGet Free Report) traded up 7.4% on Tuesday . The stock traded as high as GBX 2.93 ($0.04) and last traded at GBX 2.90 ($0.04). 1,559,808 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 2,463,212 shares. The stock had previously closed at GBX 2.70 ($0.04).

GCM Resources Stock Down 2.2 %

The company has a market capitalization of £8.35 million, a price-to-earnings ratio of -3.90 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. The firm’s 50 day simple moving average is GBX 2.53 and its 200-day simple moving average is GBX 2.11.

GCM Resources (LON:GCMGet Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported GBX (0.50) (($0.01)) EPS for the quarter.

About GCM Resources

(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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