GCM Resources (LON:GCM) Shares Down 5.9% – Here’s Why

GCM Resources Plc (LON:GCM)’s share price traded down 5.9% during trading on Wednesday . The stock traded as low as GBX 6.30 and last traded at GBX 6.40. 8,082,831 shares changed hands during trading, an increase of 229% from the average session volume of 2,453,679 shares. The stock had previously closed at GBX 6.80.

GCM Resources Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40. The company has a market cap of £23.20 million, a PE ratio of -12.60 and a beta of 0.91. The firm has a 50 day simple moving average of GBX 8.21 and a 200-day simple moving average of GBX 6.97.

GCM Resources (LON:GCM) last released its earnings results on Tuesday, March 31st. The company reported GBX (0.30) EPS for the quarter.

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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.