GCM Resources (LON:GCM) Trading 12.5% Higher – Here’s What Happened

GCM Resources Plc (LON:GCM) traded up 12.5% during trading on Friday . The company traded as high as GBX 2.95 ($0.04) and last traded at GBX 2.70 ($0.04). 4,126,510 shares changed hands during trading, an increase of 82% from the average session volume of 2,261,137 shares. The stock had previously closed at GBX 2.40 ($0.03).

GCM Resources Stock Up 0.4%

The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The business has a 50-day moving average price of GBX 2.75 and a 200 day moving average price of GBX 2.11. The stock has a market capitalization of £8.12 million, a P/E ratio of -3.79 and a beta of 0.73.

GCM Resources (LON:GCM) last released its quarterly earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) EPS for the quarter.

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.