GCM Resources (LON:GCM) Trading Down 13.4% – Time to Sell?

GCM Resources Plc (LON:GCM) traded down 13.4% on Tuesday . The company traded as low as GBX 5.50 and last traded at GBX 5.50. 4,810,858 shares traded hands during mid-day trading, an increase of 103% from the average session volume of 2,374,250 shares. The stock had previously closed at GBX 6.35.

GCM Resources Trading Up 3.8%

The company has a market capitalization of £21.02 million, a P/E ratio of -11.42 and a beta of 0.91. The company has a debt-to-equity ratio of 17.40, a current ratio of 0.09 and a quick ratio of 0.11. The firm has a fifty day moving average price of GBX 7.96 and a 200-day moving average price of GBX 6.93.

GCM Resources (LON:GCM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported GBX (0.30) EPS for the quarter.

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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.