GCM Resources (LON:GCM) Shares Down 14.6% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) was down 14.6% during mid-day trading on Friday . The stock traded as low as GBX 3.50 and last traded at GBX 3.50. Approximately 2,818,242 shares were traded during trading, an increase of 50% from the average session volume of 1,881,107 shares. The stock had previously closed at GBX 4.10.

GCM Resources Price Performance

The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09. The stock’s 50 day simple moving average is GBX 4.10 and its two-hundred day simple moving average is GBX 6.23. The firm has a market capitalization of £13.12 million, a PE ratio of -7.00 and a beta of 0.72.

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

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