GCM Resources (LON:GCM) Shares Up 50.5% – Still a Buy?

GCM Resources Plc (LON:GCM) was up 50.5% during trading on Saturday . The stock traded as high as GBX 3 ($0.04) and last traded at GBX 2.86 ($0.04). Approximately 6,413,438 shares were traded during mid-day trading, an increase of 346% from the average daily volume of 1,439,421 shares. The stock had previously closed at GBX 1.90 ($0.02).

GCM Resources Trading Up 50.5 %

The business has a 50 day moving average price of GBX 1.63 and a 200-day moving average price of GBX 2.09. 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 company has a market cap of £8.56 million, a P/E ratio of -4.00 and a beta of 0.73.

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.