Shares of GCM Resources Plc (LON:GCM – Get Free Report) dropped 24.2% during trading on Friday . The company traded as low as GBX 2.70 ($0.03) and last traded at GBX 2.73 ($0.04). Approximately 51,750,059 shares traded hands during trading, an increase of 1,477% from the average daily volume of 3,281,368 shares. The stock had previously closed at GBX 3.60 ($0.05).
GCM Resources Price Performance
The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The company has a market capitalization of £8.18 million, a P/E ratio of -3.82 and a beta of 0.73. The firm’s fifty day moving average is GBX 2.02 and its 200 day moving average is GBX 2.14.
About GCM Resources
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.
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