GCM Resources (LON:GCM) Trading 52.6% Higher – Should You Buy?

GCM Resources Plc (LON:GCMGet Free Report) rose 52.6% on Friday . The stock traded as high as GBX 2.90 ($0.04) and last traded at GBX 2.90 ($0.04). Approximately 5,357,766 shares changed hands during trading, an increase of 278% from the average daily volume of 1,419,120 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 company has a market capitalization of £8.56 million, a PE ratio of -4.00 and a beta of 0.73. The company has a 50 day moving average of GBX 1.61 and a two-hundred day moving average of GBX 2.09.

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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