GCM Resources (LON:GCM) Shares Up 8.1% – Here’s Why

Shares of GCM Resources Plc (LON:GCM) were up 8.1% during mid-day trading on Wednesday . The company traded as high as GBX 8.42 and last traded at GBX 8.11. Approximately 2,097,902 shares changed hands during trading, an increase of 0% from the average daily volume of 2,097,809 shares. The stock had previously closed at GBX 7.50.

GCM Resources Price Performance

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 £28.54 million, a PE ratio of -12.12 and a beta of 0.73. The stock has a 50-day moving average price of GBX 6.41 and a 200 day moving average price of GBX 6.04.

GCM Resources (LON:GCM) last issued its quarterly earnings results on Friday, November 21st. The company reported GBX (0.70) EPS for the quarter.

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.