GCM Resources (LON:GCM) Trading 9.5% Higher – What’s Next?

GCM Resources Plc (LON:GCM) shares shot up 9.5% during mid-day trading on Monday . The company traded as high as GBX 6 and last traded at GBX 5.75. 749,074 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,542,516 shares. The stock had previously closed at GBX 5.25.

GCM Resources Trading Up 14.3%

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 firm has a market capitalization of £20.18 million, a PE ratio of -8.57 and a beta of 0.73. The stock’s fifty day simple moving average is GBX 5.76 and its 200 day simple moving average is GBX 5.60.

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

About GCM Resources

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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.