Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) shot up 7.7% during trading on Tuesday . The stock traded as high as GBX 9.20 and last traded at GBX 8.94. 7,267,089 shares traded hands during trading, an increase of 95% from the average daily volume of 3,731,977 shares. The stock had previously closed at GBX 8.30.
Blencowe Resources Stock Performance
The company has a quick ratio of 3.57, a current ratio of 4.22 and a debt-to-equity ratio of 6.48. The company has a market cap of £42.84 million, a PE ratio of -11.45 and a beta of 1.43. The stock’s 50 day simple moving average is GBX 7.22 and its two-hundred day simple moving average is GBX 8.07.
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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.
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