GCM Resources (LON:GCM) Stock Price Down 22.3% – Should You Sell?

GCM Resources Plc (LON:GCM) shares were down 22.3% during mid-day trading on Friday . The company traded as low as GBX 2.70 ($0.03) and last traded at GBX 2.80 ($0.04). Approximately 50,972,262 shares were traded during mid-day trading, an increase of 1,459% from the average daily volume of 3,268,823 shares. The stock had previously closed at GBX 3.60 ($0.05).

GCM Resources Price Performance

The firm has a 50-day simple moving average of GBX 2 and a 200 day simple moving average of GBX 2.14. The firm has a market cap of £8.22 million, a PE ratio of -3.83 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11.

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.