GCM Resources (LON:GCM) Shares Up 11.3% – Still a Buy?

GCM Resources Plc (LON:GCM) shares shot up 11.3% during mid-day trading on Friday . The stock traded as high as GBX 6.70 ($0.09) and last traded at GBX 6.68 ($0.09). 307,862 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,887,687 shares. The stock had previously closed at GBX 6 ($0.08).

GCM Resources Stock Performance

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’s 50 day moving average is GBX 5.27 and its 200-day moving average is GBX 3.64. The stock has a market capitalization of £21.57 million, a price-to-earnings ratio of -801.88 and a beta of 0.73.

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.