GCM Resources (LON:GCM) Trading Down 5.6% – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s stock price fell 5.6% during trading on Friday . The stock traded as low as GBX 3.40 and last traded at GBX 3.40. 247,640 shares traded hands during trading, a decline of 86% from the average daily volume of 1,828,731 shares. The stock had previously closed at GBX 3.60.

GCM Resources Stock Down 5.6%

The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 17.40. The business has a fifty day simple moving average of GBX 3.85 and a two-hundred day simple moving average of GBX 6.08. The company has a market cap of £12.75 million, a PE ratio of -6.80 and a beta of 0.72.

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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