Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) fell 10.1% during mid-day trading on Wednesday. The company traded as low as GBX 6.20 and last traded at GBX 6.20. Approximately 3,806,579 shares changed hands during trading, a decline of 5% from the average session volume of 3,996,173 shares. The stock had previously closed at GBX 6.90.
Blencowe Resources Trading Down 10.1%
The firm has a market capitalization of £31.08 million, a price-to-earnings ratio of -8.16 and a beta of 1.58. The company has a debt-to-equity ratio of 6.48, a quick ratio of 3.57 and a current ratio of 4.22. The company has a 50 day moving average price of GBX 7.04 and a two-hundred day moving average price of GBX 7.48.
Blencowe Resources Company Profile
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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.
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