GCM Resources (LON:GCM) Shares Up 21.7% – Here’s Why

GCM Resources Plc (LON:GCMGet Free Report)’s share price traded up 21.7% on Tuesday . The stock traded as high as GBX 6.45 ($0.09) and last traded at GBX 6.45 ($0.09). 2,169,644 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 1,911,494 shares. The stock had previously closed at GBX 5.30 ($0.07).

GCM Resources Price Performance

The business has a 50-day simple moving average of GBX 4.84 and a 200 day simple moving average of GBX 3.37. The stock has a market cap of £19.56 million, a P/E ratio of -9.13 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76.

GCM Resources Company Profile

(Get Free Report)

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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