GCM Resources Plc (LON:GCM – Get Free Report) shares dropped 4.6% during trading on Wednesday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 6.44 ($0.09). Approximately 5,739,009 shares changed hands during trading, an increase of 225% from the average daily volume of 1,766,457 shares. The stock had previously closed at GBX 6.75 ($0.09).
GCM Resources Trading Down 6.9%
The firm has a market capitalization of £20.35 million, a price-to-earnings ratio of -756.25 and a beta of 0.73. 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 firm’s 50-day simple moving average is GBX 6.10 and its 200 day simple moving average is GBX 4.47.
About GCM Resources
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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