GCM Resources (LON:GCM) Shares Up 33.6% – Time to Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price was up 33.6% during mid-day trading on Monday . The stock traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). Approximately 7,967,525 shares changed hands during trading, an increase of 991% from the average daily volume of 730,441 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Trading Up 33.4 %

The company has a market capitalization of £5.59 million, a P/E ratio of -2.61 and a beta of 0.73. The business has a 50 day moving average price of GBX 1.59 and a 200 day moving average price of GBX 2.11. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76.

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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