GCM Resources (LON:GCM) Shares Up 37% – Time to Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price shot up 37% on Friday . The stock traded as high as GBX 3.70 ($0.05) and last traded at GBX 3.70 ($0.05). 6,752,418 shares were traded during trading, an increase of 198% from the average session volume of 2,262,681 shares. The stock had previously closed at GBX 2.70 ($0.04).

GCM Resources Trading Down 1.4%

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The firm has a 50 day simple moving average of GBX 2.66 and a two-hundred day simple moving average of GBX 2.19. The firm has a market capitalization of £10.93 million, a P/E ratio of -5.10 and a beta of 0.73.

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

GCM Resources Company Profile

(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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