Blencowe Resources Plc (LON:BRES – Get Free Report) shares were up 2.4% during trading on Wednesday. The company traded as high as GBX 6 and last traded at GBX 5.94. 1,244,292 shares were traded during trading, a decline of 68% from the average session volume of 3,854,828 shares. The stock had previously closed at GBX 5.80.
Blencowe Resources Price Performance
The company has a market cap of £30.08 million, a price-to-earnings ratio of -7.89 and a beta of 1.58. The company has a fifty day simple moving average of GBX 6.58 and a two-hundred day simple moving average of GBX 7.70. The company has a quick ratio of 3.57, a current ratio of 4.22 and a debt-to-equity ratio of 6.48.
About Blencowe Resources
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.
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