GCM Resources (LON:GCM) Shares Down 9.2% – What’s Next?

GCM Resources Plc (LON:GCM)’s share price dropped 9.2% during mid-day trading on Wednesday . The company traded as low as GBX 2.16 ($0.03) and last traded at GBX 2.16 ($0.03). Approximately 1,277,051 shares traded hands during trading, a decline of 45% from the average daily volume of 2,327,961 shares. The stock had previously closed at GBX 2.38 ($0.03).

GCM Resources Trading Down 3.1%

The business’s 50 day moving average price is GBX 2.75 and its two-hundred day moving average price is GBX 2.12. The company has a market capitalization of £6.53 million, a price-to-earnings ratio of -3.05 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

GCM Resources (LON:GCM) last released its earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) EPS for the quarter.

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.