GCM Resources Plc (LON:GCM – Get Free Report) shares traded up 14.4% during trading on Monday. The company traded as high as GBX 10 and last traded at GBX 8. 18,377,582 shares changed hands during mid-day trading, an increase of 455% from the average session volume of 3,309,599 shares. The stock had previously closed at GBX 6.99.
GCM Resources Price Performance
The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40. The stock has a market cap of £30.23 million, a P/E ratio of -16.00 and a beta of 0.71. The firm has a 50 day moving average price of GBX 14.71 and a 200 day moving average price of GBX 8.30.
Insider Transactions at GCM Resources
In other news, insider Keith Fulton sold 144,368 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total value of £24,542.56. 0.67% of the stock is currently owned by company insiders.
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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