Blencowe Resources Plc (LON:BRES – Get Free Report) fell 6.7% on Friday . The stock traded as low as GBX 3.50 ($0.04) and last traded at GBX 3.50 ($0.04). 263,427 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 603,572 shares. The stock had previously closed at GBX 3.75 ($0.05).
Blencowe Resources Trading Down 6.7 %
The company has a debt-to-equity ratio of 14.00, a quick ratio of 3.57 and a current ratio of 0.45. The stock has a market capitalization of £7.92 million, a P/E ratio of -350.00 and a beta of 0.87. The stock has a 50-day moving average price of GBX 4.08 and a two-hundred day moving average price of GBX 4.66.
About Blencowe Resources
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.
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