Blencowe Resources Plc (LON:BRES – Get Free Report)’s share price shot up 2% on Monday . The company traded as high as GBX 7.70 and last traded at GBX 7.60. 882,160 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 3,658,418 shares. The stock had previously closed at GBX 7.45.
Blencowe Resources Price Performance
The company’s 50 day moving average is GBX 7.12 and its 200 day moving average is GBX 8.06. The company has a current ratio of 4.22, a quick ratio of 3.57 and a debt-to-equity ratio of 6.48. The stock has a market capitalization of £37.42 million, a price-to-earnings ratio of -10.00 and a beta of 1.43.
Blencowe Resources (LON:BRES – Get Free Report) last issued its quarterly earnings results on Tuesday, May 26th. The company reported GBX (0.31) earnings per share for the quarter.
Blencowe Resources Company Profile
Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.
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