GCM Resources (LON:GCM) Shares Up 14.7% – Here’s Why

Shares of GCM Resources Plc (LON:GCM) were up 14.7% during mid-day trading on Monday . The company traded as high as GBX 3.70 ($0.05) and last traded at GBX 3.28 ($0.04). Approximately 14,020,206 shares changed hands during trading, an increase of 736% from the average daily volume of 1,676,795 shares. The stock had previously closed at GBX 2.86 ($0.04).

GCM Resources Price Performance

The stock has a market cap of £9.82 million, a price-to-earnings ratio of -4.58 and a beta of 0.73. The company has a 50 day simple moving average of GBX 1.66 and a 200-day simple moving average of GBX 2.08. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76.

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.