Shares of GCM Resources Plc (LON:GCM – Get Free Report) fell 12.1% on Monday. The stock traded as low as GBX 15.25 and last traded at GBX 16.70. Approximately 3,472,253 shares changed hands during trading, an increase of 4% from the average daily volume of 3,323,677 shares. The stock had previously closed at GBX 19.
GCM Resources Price Performance
The stock has a market capitalization of £57.33 million, a price-to-earnings ratio of -30.35 and a beta of 0.71. 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 stock has a fifty day moving average of GBX 12.93 and a 200-day moving average of GBX 7.87.
Insider Buying and Selling at GCM Resources
In other news, insider Keith Fulton sold 144,368 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total transaction of £24,542.56. Corporate 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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