Shares of GCM Resources Plc (LON:GCM – Get Free Report) dropped 13.3% on Tuesday . The stock traded as low as GBX 15.32 and last traded at GBX 16.25. Approximately 15,419,334 shares were traded during mid-day trading, an increase of 358% from the average session volume of 3,366,796 shares. The stock had previously closed at GBX 18.75.
GCM Resources Price Performance
The stock has a market cap of £61.40 million, a P/E ratio of -32.50 and a beta of 0.71. The business has a 50 day simple moving average of GBX 7.88 and a 200-day simple moving average of GBX 6.81. The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09.
Insider Buying and Selling
In other GCM Resources news, insider Keith Fulton sold 144,368 shares of GCM Resources stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total value of £24,542.56. Corporate insiders own 0.67% of the company’s stock.
About GCM Resources
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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