GCM Resources (LON:GCM) Shares Up 31.5% – What’s Next?

GCM Resources Plc (LON:GCM)’s share price rose 31.5% on Tuesday . The stock traded as high as GBX 2.85 ($0.04) and last traded at GBX 2.40 ($0.03). Approximately 8,052,865 shares changed hands during mid-day trading, an increase of 814% from the average daily volume of 880,821 shares. The stock had previously closed at GBX 1.83 ($0.02).

GCM Resources Stock Up 31.5 %

The company has a market capitalization of £7.19 million, a PE ratio of -3.35 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The business has a fifty day moving average of GBX 1.59 and a 200 day moving average of GBX 2.10.

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.