GCM Resources (LON:GCM) Stock Price Down 3.3% – Time to Sell?

GCM Resources Plc (LON:GCMGet Free Report) shares were down 3.3% during trading on Tuesday . The stock traded as low as GBX 4 ($0.05) and last traded at GBX 4.50 ($0.06). Approximately 588,145 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,970,526 shares. The stock had previously closed at GBX 4.65 ($0.06).

GCM Resources Stock Performance

The company’s fifty day simple moving average is GBX 4.66 and its 200 day simple moving average is GBX 3.15. 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 stock has a market capitalization of £14.40 million, a P/E ratio of -6.72 and a beta of 0.73.

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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