GCM Resources (LON:GCM) Shares Down 15.2% – Time to Sell?

GCM Resources Plc (LON:GCM)’s stock price traded down 15.2% during trading on Thursday . The company traded as low as GBX 5.55 and last traded at GBX 5.60. 2,641,279 shares were traded during mid-day trading, an increase of 67% from the average session volume of 1,585,652 shares. The stock had previously closed at GBX 6.60.

GCM Resources Stock Down 10.6%

The business’s 50 day moving average is GBX 6.07 and its 200 day moving average is GBX 5.40. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The company has a market cap of £19.84 million, a P/E ratio of -8.43 and a beta of 0.73.

GCM Resources (LON:GCM) last announced its quarterly earnings results on Friday, November 21st. The company reported GBX (0.70) earnings per share (EPS) for the quarter.

GCM Resources Company Profile

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.