GCM Resources (LON:GCM) Stock Price Up 47.3% – Should You Buy?

GCM Resources Plc (LON:GCM)’s stock price shot up 47.3% during trading on Friday . The stock traded as high as GBX 4.20 ($0.05) and last traded at GBX 4.12 ($0.05). 8,004,624 shares were traded during mid-day trading, an increase of 324% from the average session volume of 1,886,896 shares. The stock had previously closed at GBX 2.80 ($0.04).

GCM Resources Price 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 cap of £11.98 million, a P/E ratio of -5.59 and a beta of 0.73. The company’s 50 day simple moving average is GBX 1.78 and its 200 day simple moving average is GBX 2.09.

GCM Resources Company Profile

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.