Blencowe Resources (LON:BRES) Reaches New 1-Year Low – Time to Sell?

Blencowe Resources Plc (LON:BRESGet Free Report) shares reached a new 52-week low on Friday . The company traded as low as GBX 3.15 ($0.04) and last traded at GBX 3.49 ($0.05), with a volume of 1811852 shares changing hands. The stock had previously closed at GBX 3.72 ($0.05).

Blencowe Resources Stock Down 6.3 %

The company has a market cap of £10.32 million, a PE ratio of -8.06 and a beta of 0.87. The business’s fifty day simple moving average is GBX 4.01 and its two-hundred day simple moving average is GBX 4.26. The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57.

Blencowe Resources (LON:BRESGet Free Report) last posted its earnings results on Friday, January 31st. The company reported GBX (0.45) (($0.01)) earnings per share for the quarter.

About Blencowe Resources

(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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