GCM Resources (LON:GCM) Shares Down 6.7% – What’s Next?

GCM Resources Plc (LON:GCM)’s share price traded down 6.7% on Friday . The stock traded as low as GBX 7 and last traded at GBX 7. 545,016 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 2,231,226 shares. The stock had previously closed at GBX 7.50.

GCM Resources Stock Down 6.7%

The business’s 50 day simple moving average is GBX 6.21 and its 200-day simple moving average is GBX 5.95. 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 company has a market cap of £23.54 million, a price-to-earnings ratio of -10.00 and a beta of 0.73.

GCM Resources (LON:GCM) last announced its quarterly earnings data on Friday, November 21st. The company reported GBX (0.70) earnings per share (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.