GCM Resources (LON:GCM) Sets New 1-Year High – Should You Buy?

GCM Resources Plc (LON:GCM) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 13 and last traded at GBX 12.45, with a volume of 11606825 shares changing hands. The stock had previously closed at GBX 11.90.

GCM Resources Stock Performance

The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40. The company has a market cap of £46.69 million, a P/E ratio of -24.90 and a beta of 0.66. The business has a fifty day moving average of GBX 4.07 and a 200 day moving average of GBX 6.05.

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.