GCM Resources Plc (LON:GCM – Get Free Report) rose 6.6% during mid-day trading on Saturday . The stock traded as high as GBX 8 ($0.11) and last traded at GBX 6.50 ($0.09). Approximately 3,977,015 shares traded hands during trading, an increase of 108% from the average daily volume of 1,914,644 shares. The stock had previously closed at GBX 6.10 ($0.08).
GCM Resources Trading Up 6.6%
The company has a fifty day simple moving average of GBX 4.97 and a 200-day simple moving average of GBX 3.48. 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 stock has a market cap of £21.86 million, a price-to-earnings ratio of -812.50 and a beta of 0.73.
About GCM Resources
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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