GCM Resources (LON:GCM) Stock Price Down 13.4% – Time to Sell?

GCM Resources Plc (LON:GCM)’s share price traded down 13.4% on Tuesday . The company traded as low as GBX 5.50 and last traded at GBX 5.50. 4,810,858 shares were traded during trading, an increase of 103% from the average session volume of 2,374,250 shares. The stock had previously closed at GBX 6.35.

GCM Resources Trading Down 14.2%

The firm has a market capitalization of £20.07 million, a price-to-earnings ratio of -10.90 and a beta of 0.91. 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 business has a fifty day moving average price of GBX 8.12 and a 200 day moving average price of GBX 6.96.

GCM Resources (LON:GCM) last released its quarterly earnings data on Tuesday, March 31st. The company reported GBX (0.30) EPS for the quarter.

GCM Resources Company Profile

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.