GCM Resources (LON:GCM) Stock Price Down 24.2% – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report)’s share price traded down 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). 51,750,059 shares were traded during trading, an increase of 1,477% from the average session volume of 3,281,368 shares. The stock had previously closed at GBX 3.60 ($0.05).

GCM Resources Stock Down 24.2 %

The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The firm has a market capitalization of £8.18 million, a P/E ratio of -3.82 and a beta of 0.73. The company’s fifty day simple moving average is GBX 2.02 and its 200 day simple moving average is GBX 2.14.

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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