GCM Resources (LON:GCM) Shares Down 4.7% – Here’s Why

GCM Resources Plc (LON:GCM)’s share price dropped 4.7% during trading on Wednesday . The stock traded as low as GBX 4 and last traded at GBX 4.10. 557,624 shares were traded during trading, a decline of 68% from the average session volume of 1,741,630 shares. The stock had previously closed at GBX 4.30.

GCM Resources Stock Performance

The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09. The company has a market cap of £15.10 million, a P/E ratio of -8.20 and a beta of 0.72. The firm has a 50 day moving average price of GBX 5.31 and a 200-day moving average price of GBX 6.69.

GCM Resources (LON:GCM) last announced its earnings results on Tuesday, March 31st. The company reported GBX (0.30) earnings per share (EPS) for the quarter.

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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.