GCM Resources Plc (LON:GCM – Get Free Report) shares traded up 12.5% during trading on Thursday. The stock traded as high as GBX 18.50 and last traded at GBX 18. 3,636,785 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 3,309,751 shares. The stock had previously closed at GBX 16.
GCM Resources Trading Up 12.5%
The firm has a market capitalization of £68.01 million, a price-to-earnings ratio of -36.00 and a beta of 0.71. 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 company has a 50 day moving average price of GBX 11.83 and a two-hundred day moving average price of GBX 7.61.
Insider Buying and Selling at GCM Resources
In related news, insider Keith Fulton sold 144,368 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total transaction of £24,542.56. 0.67% of the stock is currently owned by company insiders.
GCM Resources Company Profile
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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