Blencowe Resources (LON:BRES) Stock Price Down 4.3% – Time to Sell?

Shares of Blencowe Resources Plc (LON:BRES) traded down 4.3% during mid-day trading on Wednesday . The stock traded as low as GBX 3.13 ($0.04) and last traded at GBX 3.30 ($0.04). 1,841,941 shares were traded during mid-day trading, an increase of 191% from the average session volume of 632,786 shares. The stock had previously closed at GBX 3.45 ($0.04).

Blencowe Resources Trading Down 4.3 %

The company has a fifty day moving average of GBX 3.97 and a 200-day moving average of GBX 4.22. The company has a market capitalization of £9.77 million, a price-to-earnings ratio of -7.64 and a beta of 0.87. The company has a current ratio of 0.12, a quick ratio of 3.57 and a debt-to-equity ratio of 16.04.

Blencowe Resources (LON:BRES) last issued its quarterly earnings results on Friday, January 31st. The company reported GBX (0.45) (($0.01)) EPS for the quarter.

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.