GCM Resources (LON:GCM) Trading Down 9.1% – Should You Sell?

GCM Resources Plc (LON:GCMGet Free Report) shares were down 9.1% during trading on Monday . The company traded as low as GBX 3.50 ($0.05) and last traded at GBX 3.64 ($0.05). Approximately 3,669,697 shares were traded during trading, an increase of 85% from the average daily volume of 1,988,675 shares. The stock had previously closed at GBX 4 ($0.05).

GCM Resources Trading Up 2.0 %

The firm has a market cap of £14.97 million, a P/E ratio of -6.99 and a beta of 0.73. The company’s 50 day moving average is GBX 1.90 and its two-hundred day moving average is GBX 2.11. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11.

GCM Resources Company Profile

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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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