GCM Resources (LON:GCM) Trading 9.6% Higher – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded up 9.6% during mid-day trading on Friday . The company traded as high as GBX 6.50 and last traded at GBX 6.30. 1,335,799 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 1,604,555 shares. The stock had previously closed at GBX 5.75.

GCM Resources Price Performance

The company’s 50-day simple moving average is GBX 6.06 and its 200 day simple moving average is GBX 5.01. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The stock has a market capitalization of £18.51 million, a price-to-earnings ratio of -6.88 and a beta of 0.73.

GCM Resources (LON:GCMGet Free Report) last released its quarterly earnings results on Friday, November 21st. The company reported GBX (0.70) earnings per share (EPS) for the quarter.

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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