GCM Resources Plc (LON:GCM – Get Free Report) shares dropped 6.3% during mid-day trading on Tuesday . The company traded as low as GBX 12.50 and last traded at GBX 13.30. Approximately 6,099,365 shares changed hands during trading, an increase of 88% from the average daily volume of 3,248,818 shares. The stock had previously closed at GBX 14.20.
GCM Resources Stock Performance
The firm’s 50 day simple moving average is GBX 6.87 and its 200 day simple moving average is GBX 6.63. The firm has a market capitalization of £50.25 million, a price-to-earnings ratio of -26.60 and a beta of 0.71. The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09.
Insider Buying and Selling at GCM Resources
In other news, insider Keith Fulton sold 144,368 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total value of £24,542.56. Insiders own 0.67% of the company’s stock.
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.
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