GCM Resources (LON:GCM) Trading 16.4% Higher – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded up 16.4% during trading on Friday . The stock traded as high as GBX 7.49 ($0.10) and last traded at GBX 7.10 ($0.10). 1,787,764 shares were traded during mid-day trading, a decline of 6% from the average session volume of 1,901,535 shares. The stock had previously closed at GBX 6.10 ($0.08).

GCM Resources Stock Up 6.6%

The firm’s 50-day moving average price is GBX 4.97 and its 200 day moving average price is GBX 3.47. The company has a market capitalization of £21.86 million, a price-to-earnings ratio of -812.50 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76.

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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