Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) rose 8.1% during mid-day trading on Friday . The company traded as high as GBX 5.70 ($0.08) and last traded at GBX 5.62 ($0.08). Approximately 13,317,173 shares were traded during trading, an increase of 745% from the average daily volume of 1,576,158 shares. The stock had previously closed at GBX 5.20 ($0.07).
Blencowe Resources Stock Up 11.5%
The company has a current ratio of 0.12, a quick ratio of 3.57 and a debt-to-equity ratio of 16.04. The company has a market cap of £19.86 million, a price-to-earnings ratio of -2,521.74 and a beta of 0.87. The stock has a 50-day simple moving average of GBX 4.50 and a 200-day simple moving average of GBX 3.74.
Blencowe Resources Company Profile
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.
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