GCM Resources Plc (LON:GCM – Get Free Report)’s share price shot up 42.3% during mid-day trading on Monday . The company traded as high as GBX 18.84 and last traded at GBX 18. Approximately 5,899,283 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 3,291,665 shares. The stock had previously closed at GBX 12.65.
GCM Resources Stock Performance
The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 17.40. The company’s fifty day moving average is GBX 8.13 and its 200 day moving average is GBX 6.87. The company has a market cap of £59.32 million, a P/E ratio of -31.40 and a beta of 0.71.
Insider Activity
In other news, insider Keith Fulton sold 144,368 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total transaction of £24,542.56. Company insiders own 0.67% of the company’s stock.
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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