GCM Resources Plc (LON:GCM – Get Free Report)’s stock price dropped 13.3% on Tuesday . The stock traded as low as GBX 15.32 and last traded at GBX 16.25. Approximately 15,419,334 shares changed hands during mid-day trading, an increase of 358% from the average session volume of 3,366,796 shares. The stock had previously closed at GBX 18.75.
GCM Resources Trading Down 2.9%
The stock has a market cap of £61.02 million, a P/E ratio of -32.30 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. The stock has a 50-day moving average price of GBX 8.40 and a 200-day moving average price of GBX 6.93.
Insiders Place Their Bets
In other GCM Resources news, insider Keith Fulton sold 144,368 shares of GCM Resources stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total transaction of £24,542.56. 0.67% of the stock is owned by corporate insiders.
GCM Resources Company Profile
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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