Blencowe Resources Plc (LON:BRES – Get Free Report)’s share price rose 8.5% during trading on Friday . The stock traded as high as GBX 7.50 and last traded at GBX 7.27. Approximately 9,607,430 shares changed hands during mid-day trading, an increase of 331% from the average daily volume of 2,229,158 shares. The stock had previously closed at GBX 6.70.
Blencowe Resources Trading Up 11.6%
The company has a quick ratio of 3.57, a current ratio of 0.12 and a debt-to-equity ratio of 16.04. The firm has a market cap of £29.21 million, a price-to-earnings ratio of -32.52 and a beta of 0.87. The company has a 50-day moving average price of GBX 5.98 and a 200 day moving average price of GBX 4.45.
About Blencowe Resources
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.
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