GCM Resources (LON:GCM) Shares Down 10.6% – Here’s Why

Shares of GCM Resources Plc (LON:GCMGet Free Report) traded down 10.6% during mid-day trading on Thursday . The stock traded as low as GBX 7.50 and last traded at GBX 7.60. 1,626,443 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 1,549,000 shares. The stock had previously closed at GBX 8.50.

GCM Resources Trading Down 10.6%

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The stock’s fifty day moving average is GBX 6.01 and its 200 day moving average is GBX 5.85. The stock has a market cap of £25.56 million, a P/E ratio of -10.86 and a beta of 0.73.

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

GCM Resources Company Profile

(Get Free Report)

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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