GCM Resources Plc (LON:GCM – Get Free Report) rose 47.3% on Friday . The stock traded as high as GBX 4.20 ($0.05) and last traded at GBX 4.12 ($0.05). Approximately 8,004,624 shares changed hands during mid-day trading, an increase of 324% from the average daily volume of 1,886,896 shares. The stock had previously closed at GBX 2.80 ($0.04).
GCM Resources Price Performance
The company’s fifty day moving average is GBX 1.78 and its two-hundred day moving average is GBX 2.09. The firm has a market capitalization of £11.98 million, a price-to-earnings ratio of -5.59 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.
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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