GCM Resources (LON:GCM) Trading 23.8% Higher – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded up 23.8% on Tuesday . The stock traded as high as GBX 5.20 ($0.07) and last traded at GBX 5.20 ($0.07). 14,768,474 shares traded hands during trading, an increase of 537% from the average session volume of 2,319,242 shares. The stock had previously closed at GBX 4.20 ($0.05).

GCM Resources Stock Up 20.8 %

The firm has a 50-day moving average of GBX 1.83 and a two-hundred day moving average of GBX 2.10. The stock has a market capitalization of £15.20 million, a price-to-earnings ratio of -7.09 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.

GCM Resources Company Profile

(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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