GCM Resources (LON:GCM) Stock Price Up 0.7% – Here’s Why

Shares of GCM Resources Plc (LON:GCMGet Free Report) rose 0.7% on Wednesday . The stock traded as high as GBX 8.30 and last traded at GBX 8.16. Approximately 1,358,907 shares traded hands during trading, a decline of 43% from the average daily volume of 2,377,478 shares. The stock had previously closed at GBX 8.10.

GCM Resources Stock Up 0.7%

The company has a market capitalization of £28.79 million, a P/E ratio of -11.65 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 0.18 and a debt-to-equity ratio of 16.30. The firm has a fifty day simple moving average of GBX 7.50 and a 200-day simple moving average of GBX 6.55.

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

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