Blencowe Resources (LON:BRES) Hits New 12-Month High – Still a Buy?

Blencowe Resources Plc (LON:BRESGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 7.80 and last traded at GBX 7.72, with a volume of 17710271 shares traded. The stock had previously closed at GBX 7.48.

Blencowe Resources Price Performance

The company’s 50-day moving average price is GBX 6.03 and its 200-day moving average price is GBX 4.50. The company has a quick ratio of 3.57, a current ratio of 0.12 and a debt-to-equity ratio of 16.04. The firm has a market cap of £30.13 million, a price-to-earnings ratio of -33.55 and a beta of 0.87.

Blencowe Resources Company Profile

(Get Free Report)

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.

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