GCM Resources (LON:GCM) Stock Price Down 5.3% – What’s Next?

GCM Resources Plc (LON:GCM) was down 5.3% on Wednesday . The company traded as low as GBX 8.50 and last traded at GBX 9.47. Approximately 2,226,117 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 2,623,419 shares. The stock had previously closed at GBX 10.

GCM Resources Stock Down 8.1%

The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The company has a market capitalization of £32.44 million, a price-to-earnings ratio of -13.13 and a beta of 0.73. The firm has a 50-day moving average price of GBX 6.69 and a two-hundred day moving average price of GBX 6.17.

GCM Resources (LON:GCM) last released its earnings results on Friday, November 21st. The company reported GBX (0.70) 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.