GCM Resources Plc (LON:GCM – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 8.30 and traded as low as GBX 6.33. GCM Resources shares last traded at GBX 6.97, with a volume of 14,554,705 shares changing hands.
GCM Resources Trading Down 46.4%
The firm has a 50 day simple moving average of GBX 14.71 and a 200 day simple moving average of GBX 8.30. The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09. The firm has a market cap of £26.33 million, a P/E ratio of -13.94 and a beta of 0.71.
Insider Activity at GCM Resources
In other news, insider Keith Fulton sold 144,368 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total value of £24,542.56. 0.67% of the stock is owned by company insiders.
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.
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