GCM Resources (LON:GCM) Shares Up 33.4% – Should You Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price shot up 33.4% on Tuesday . The stock traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). 8,381,048 shares traded hands during trading, an increase of 1,034% from the average session volume of 739,056 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Trading Up 1.9 %

The firm has a market capitalization of £6.41 million, a PE ratio of -2.99 and a beta of 0.73. The firm’s fifty day moving average is GBX 1.60 and its two-hundred day moving average is GBX 2.09. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11.

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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