GCM Resources (LON:GCM) Trading Up 6.6% – Should You Buy?

GCM Resources Plc (LON:GCMGet Free Report) shares were up 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 changed 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’s fifty day moving average is GBX 4.97 and its two-hundred day moving average is GBX 3.48. The stock has a market cap of £21.86 million, a price-to-earnings ratio of -812.50 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 1.20 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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