Blencowe Resources (LON:BRES) Shares Down 4.6% – What’s Next?

Blencowe Resources Plc (LON:BRESGet Free Report) shares fell 4.6% during trading on Monday . The company traded as low as GBX 6.05 and last traded at GBX 6.35. 4,886,036 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 3,845,256 shares. The stock had previously closed at GBX 6.66.

Blencowe Resources Price Performance

The firm has a 50 day moving average price of GBX 7.43 and a 200 day moving average price of GBX 8.15. The company has a quick ratio of 3.57, a current ratio of 4.22 and a debt-to-equity ratio of 6.48. The stock has a market cap of £31.27 million, a P/E ratio of -8.36 and a beta of 1.44.

Blencowe Resources (LON:BRESGet Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The company reported GBX (0.31) 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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.

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