GCM Resources (LON:GCM) Trading Up 5% – Should You Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price rose 5% on Tuesday . The stock traded as high as GBX 4.68 ($0.06) and last traded at GBX 4.20 ($0.05). Approximately 11,819,897 shares changed hands during trading, an increase of 455% from the average daily volume of 2,129,196 shares. The stock had previously closed at GBX 4 ($0.05).

GCM Resources Price Performance

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The company’s 50 day moving average price is GBX 1.96 and its 200-day moving average price is GBX 2.13. The company has a market cap of £12.49 million, a price-to-earnings ratio of -5.83 and a beta of 0.73.

About GCM Resources

(Get Free Report)

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.

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