GCM Resources (LON:GCM) Stock Price Up 50.5% – Here’s What Happened

Shares of GCM Resources Plc (LON:GCMGet Free Report) traded up 50.5% during trading on Saturday . The company traded as high as GBX 3 ($0.04) and last traded at GBX 2.86 ($0.04). 6,413,438 shares were traded during trading, an increase of 346% from the average session volume of 1,439,421 shares. The stock had previously closed at GBX 1.90 ($0.02).

GCM Resources Stock Performance

The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11. The stock has a market capitalization of £8.56 million, a P/E ratio of -4.00 and a beta of 0.73. The stock’s 50-day simple moving average is GBX 1.63 and its 200 day simple moving average is GBX 2.09.

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.

Further Reading

Receive News & Ratings for GCM Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCM Resources and related companies with MarketBeat.com's FREE daily email newsletter.