GCM Resources (LON:GCM) Trading 50.5% Higher – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report) shares rose 50.5% on Saturday . The company traded as high as GBX 3 ($0.04) and last traded at GBX 2.86 ($0.04). Approximately 6,413,438 shares traded hands during trading, an increase of 346% from the average daily volume of 1,439,421 shares. The stock had previously closed at GBX 1.90 ($0.02).

GCM Resources Stock Performance

The stock has a fifty day moving average price of GBX 1.63 and a two-hundred day moving average price of GBX 2.09. The company has a market cap of £8.56 million, a P/E ratio of -4.00 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.

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.

Featured Articles

Receive News & Ratings for GCM Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCM Resources and related companies with MarketBeat.com's FREE daily email newsletter.