GCM Resources Plc (LON:GCM – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 8.30 and traded as low as GBX 6.33. GCM Resources shares last traded at GBX 6.97, with a volume of 14,554,705 shares trading hands.
GCM Resources Stock Down 46.4%
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 company has a market capitalization of £26.33 million, a PE ratio of -13.94 and a beta of 0.71. The business’s 50 day simple moving average is GBX 14.71 and its 200 day simple moving average is GBX 8.30.
Insiders Place Their Bets
In related news, insider Keith Fulton sold 144,368 shares of GCM Resources stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total value of £24,542.56. 0.67% of the stock is currently owned by corporate insiders.
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.
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