Blencowe Resources (LON:BRES) Shares Up 2% – Still a Buy?

Blencowe Resources Plc (LON:BRESGet Free Report)’s share price was up 2% during trading on Monday . The company traded as high as GBX 7.70 and last traded at GBX 7.60. Approximately 882,160 shares were traded during trading, a decline of 76% from the average session volume of 3,658,418 shares. The stock had previously closed at GBX 7.45.

Blencowe Resources Trading Up 2.0%

The stock has a market cap of £37.42 million, a PE ratio of -10.00 and a beta of 1.43. The company’s 50-day moving average price is GBX 7.12 and its 200 day moving average price is GBX 8.06. The company has a debt-to-equity ratio of 6.48, a quick ratio of 3.57 and a current ratio of 4.22.

Blencowe Resources (LON:BRESGet Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The company reported GBX (0.31) earnings per share for the quarter.

Blencowe Resources Company Profile

(Get Free Report)

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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.

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