GCM Resources (LON:GCM) Trading Up 26.4% – Time to Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price was up 26.4% during mid-day trading on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.77 ($0.02). Approximately 7,775,525 shares traded hands during mid-day trading, an increase of 970% from the average daily volume of 726,441 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Up 33.6 %

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 £5.60 million, a price-to-earnings ratio of -2.61 and a beta of 0.73. The firm’s fifty day moving average is GBX 1.59 and its 200-day moving average is GBX 2.11.

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.

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