Blencowe Resources (LON:BRES) Shares Up 2% – Still a Buy?

Blencowe Resources Plc (LON:BRESGet Free Report)’s share price was up 2% during mid-day trading on Tuesday . The stock traded as high as GBX 7.80 and last traded at GBX 7.80. Approximately 3,233,646 shares traded hands during trading, a decline of 31% from the average daily volume of 4,682,319 shares. The stock had previously closed at GBX 7.65.

Blencowe Resources Trading Up 2.0%

The business’s fifty day moving average price is GBX 7.53 and its 200 day moving average price is GBX 6.08. The company has a quick ratio of 3.57, a current ratio of 0.12 and a debt-to-equity ratio of 16.04. The firm has a market capitalization of £37.10 million, a PE ratio of -33.91 and a beta of 0.87.

Blencowe Resources Company Profile

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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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.

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