GCM Resources (LON:GCM) Stock Price Down 15.4% – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report) shares fell 15.4% on Tuesday . The stock traded as low as GBX 2.71 ($0.04) and last traded at GBX 2.71 ($0.04). 5,879,899 shares were traded during trading, an increase of 235% from the average session volume of 1,755,495 shares. The stock had previously closed at GBX 3.20 ($0.04).

GCM Resources Price Performance

The firm has a market cap of £8.50 million, a PE ratio of -3.97 and a beta of 0.73. The stock has a 50 day simple moving average of GBX 1.71 and a two-hundred day simple moving average of GBX 2.08. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

About GCM Resources

(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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