GCM Resources (LON:GCM) Stock Price Down 14.3% – What’s Next?

GCM Resources Plc (LON:GCM)’s share price dropped 14.3% during mid-day trading on Tuesday . The company traded as low as GBX 11.50 and last traded at GBX 12. Approximately 4,574,734 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 3,026,259 shares. The stock had previously closed at GBX 14.

GCM Resources Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40. The stock’s 50-day simple moving average is GBX 5.81 and its two-hundred day simple moving average is GBX 6.42. The company has a market capitalization of £45.00 million, a price-to-earnings ratio of -24.00 and a beta of 0.71.

Insider Activity at GCM Resources

In related news, insider Keith Fulton sold 144,368 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total value of £24,542.56. Insiders own 0.71% 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.