Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 8.90 and last traded at GBX 8.70, with a volume of 6470665 shares changing hands. The stock had previously closed at GBX 8.10.
Blencowe Resources Stock Performance
The firm’s fifty day simple moving average is GBX 6.72 and its 200 day simple moving average is GBX 4.93. The company has a market capitalization of £33.98 million, a price-to-earnings ratio of -37.83 and a beta of 0.87. The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57.
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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