GCM Resources (LON:GCM) Trading Up 5.5% – Time to Buy?

GCM Resources Plc (LON:GCM)’s share price was up 5.5% on Wednesday . The company traded as high as GBX 8.94 and last traded at GBX 8.70. Approximately 11,494,590 shares changed hands during trading, an increase of 377% from the average daily volume of 2,408,044 shares. The stock had previously closed at GBX 8.25.

GCM Resources Stock Performance

The stock has a market capitalization of £32.03 million, a P/E ratio of -12.43 and a beta of 0.99. The company has a current ratio of 0.18, a quick ratio of 0.11 and a debt-to-equity ratio of 16.30. The company has a 50-day moving average price of GBX 8.03 and a two-hundred day moving average price of GBX 6.81.

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.