GCM Resources Plc (LON:GCM – Get Free Report) was down 23.2% on Friday . The stock traded as low as GBX 2.70 ($0.03) and last traded at GBX 2.77 ($0.04). Approximately 50,299,133 shares changed hands during mid-day trading, an increase of 1,444% from the average daily volume of 3,257,966 shares. The stock had previously closed at GBX 3.60 ($0.05).
GCM Resources Trading Down 23.2 %
The business’s 50 day simple moving average is GBX 2 and its 200-day simple moving average is GBX 2.14. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The stock has a market capitalization of £8.28 million, a P/E ratio of -3.86 and a beta of 0.73.
About GCM Resources
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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