GCM Resources (LON:GCM) Trading Up 9.9% – Here’s Why

GCM Resources Plc (LON:GCM)’s stock price shot up 9.9% on Wednesday . The company traded as high as GBX 5.99 and last traded at GBX 5.99. 4,100,817 shares were traded during mid-day trading, an increase of 71% from the average session volume of 2,397,959 shares. The stock had previously closed at GBX 5.45.

GCM Resources Stock Performance

The company has a market capitalization of £22.09 million, a price-to-earnings ratio of -12.00 and a beta of 0.91. The company has a debt-to-equity ratio of 17.40, a current ratio of 0.09 and a quick ratio of 0.11. The stock has a 50 day moving average price of GBX 8.03 and a two-hundred day moving average price of GBX 6.94.

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

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.