GCM Resources (LON:GCM) Trading Down 15.4% – Should You Sell?

GCM Resources Plc (LON:GCM) dropped 15.4% during mid-day trading on Tuesday . The stock traded as low as GBX 2.71 ($0.04) and last traded at GBX 2.71 ($0.04). Approximately 5,879,899 shares changed hands during mid-day trading, an increase of 235% from the average daily volume of 1,755,495 shares. The stock had previously closed at GBX 3.20 ($0.04).

GCM Resources Stock Performance

The stock has a market cap of £8.10 million, a P/E ratio of -3.78 and a beta of 0.73. The company’s 50 day moving average price is GBX 1.66 and its 200-day moving average price is GBX 2.08. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

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.