GCM Resources (LON:GCM) Sets New 52-Week High – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 9.50 and last traded at GBX 8.50, with a volume of 3705020 shares. The stock had previously closed at GBX 8.25.

GCM Resources Stock Up 3.0%

The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The firm has a market capitalization of £28.58 million, a PE ratio of -12.14 and a beta of 0.73. The business’s 50-day moving average price is GBX 5.93 and its 200-day moving average price is GBX 5.83.

GCM Resources (LON:GCMGet Free Report) last announced its quarterly earnings data on Friday, November 21st. The company reported GBX (0.70) earnings per share (EPS) for the quarter.

GCM Resources Company Profile

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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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