GCM Resources (LON:GCM) Trading 9.5% Higher – Time to Buy?

GCM Resources Plc (LON:GCMGet Free Report) traded up 9.5% during mid-day trading on Monday . The stock traded as high as GBX 6 and last traded at GBX 5.75. 749,074 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 1,542,516 shares. The stock had previously closed at GBX 5.25.

GCM Resources Stock Performance

The company has a market capitalization of £20.18 million, a PE ratio of -8.57 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The business’s fifty day moving average is GBX 5.76 and its two-hundred day moving average is GBX 5.60.

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

About GCM Resources

(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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