GCM Resources (LON:GCM) Stock Price Up 34.9% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded up 34.9% during trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.89 ($0.02). 7,520,275 shares were traded during mid-day trading, an increase of 945% from the average session volume of 719,721 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Performance

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 has a market cap of £5.66 million, a PE ratio of -2.64 and a beta of 0.73. The company’s 50-day moving average price is GBX 1.59 and its two-hundred day moving average price is GBX 2.11.

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.

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