Blencowe Resources (LON:BRES) Reaches New 52-Week Low – Here’s What Happened

Blencowe Resources Plc (LON:BRESGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 3 ($0.04) and last traded at GBX 3.29 ($0.04), with a volume of 1824924 shares. The stock had previously closed at GBX 3.30 ($0.04).

Blencowe Resources Stock Performance

The stock’s 50-day simple moving average is GBX 3.97 and its 200 day simple moving average is GBX 4.22. The company has a market capitalization of £9.74 million, a PE ratio of -7.61 and a beta of 0.87. The company has a debt-to-equity ratio of 16.04, a quick ratio of 3.57 and a current ratio of 0.12.

Blencowe Resources (LON:BRESGet Free Report) last issued its earnings results on Friday, January 31st. The company reported GBX (0.45) (($0.01)) EPS for the quarter.

Blencowe Resources Company Profile

(Get Free Report)

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.

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