GCM Resources (LON:GCM) Trading 12.5% Higher – What’s Next?

Shares of GCM Resources Plc (LON:GCMGet Free Report) traded up 12.5% during mid-day trading on Tuesday . The company traded as high as GBX 1.74 ($0.02) and last traded at GBX 1.58 ($0.02). 3,211,236 shares were traded during mid-day trading, an increase of 446% from the average session volume of 588,002 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Up 12.1 %

The business’s fifty day simple moving average is GBX 1.78 and its 200 day simple moving average is GBX 2.68. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 14.77. The stock has a market cap of £4.34 million, a price-to-earnings ratio of -157.00 and a beta of 0.73.

GCM Resources (LON:GCMGet Free Report) last released its quarterly earnings data on Tuesday, November 19th. The company reported GBX (0.60) (($0.01)) EPS for the quarter.

About GCM Resources

(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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