GCM Resources (LON:GCM) Trading Up 31.1% – Time to Buy?

Shares of GCM Resources Plc (LON:GCMGet Free Report) rose 31.1% on Thursday . The stock traded as high as GBX 3.60 ($0.05) and last traded at GBX 3.54 ($0.05). Approximately 3,213,853 shares were traded during trading, an increase of 44% from the average daily volume of 2,229,610 shares. The stock had previously closed at GBX 2.70 ($0.04).

GCM Resources Trading Down 1.4%

The firm has a fifty day moving average of GBX 2.66 and a two-hundred day moving average of GBX 2.18. The company has a market cap of £10.93 million, a PE ratio of -5.10 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.

GCM Resources (LON:GCMGet Free Report) last posted its earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) earnings per share 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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