Blencowe Resources (LON:BRES) Posts Earnings Results

Blencowe Resources (LON:BRES) posted its earnings results on Friday. The company reported GBX (0.45) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports.

Blencowe Resources Trading Down 5.9 %

LON:BRES traded down GBX 0.25 ($0.00) during mid-day trading on Friday, reaching GBX 4 ($0.05). The company’s stock had a trading volume of 28,274 shares, compared to its average volume of 428,284. Blencowe Resources has a twelve month low of GBX 3.32 ($0.04) and a twelve month high of GBX 6.50 ($0.08). The company’s fifty day simple moving average is GBX 3.94 and its two-hundred day simple moving average is GBX 4.44. The company has a debt-to-equity ratio of 14.00, a current ratio of 0.45 and a quick ratio of 3.57. The stock has a market cap of £9.06 million, a P/E ratio of -400.00 and a beta of 0.87.

About Blencowe Resources

Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.