GCM Resources (LON:GCM) Trading Up 5% – What’s Next?

GCM Resources Plc (LON:GCM)’s share price shot up 5% during mid-day trading on Tuesday . The stock traded as high as GBX 4.68 ($0.06) and last traded at GBX 4.20 ($0.05). 11,819,897 shares were traded during trading, an increase of 455% from the average session volume of 2,129,196 shares. The stock had previously closed at GBX 4 ($0.05).

GCM Resources Stock Performance

The stock’s 50-day simple moving average is GBX 1.83 and its 200 day simple moving average is GBX 2.10. 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 £13.78 million, a P/E ratio of -6.43 and a beta of 0.73.

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.