Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) traded up 8.5% during trading on Friday . The stock traded as high as GBX 7.50 and last traded at GBX 7.27. 9,607,430 shares changed hands during mid-day trading, an increase of 331% from the average session volume of 2,229,158 shares. The stock had previously closed at GBX 6.70.
Blencowe Resources Price Performance
The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57. The stock has a market capitalization of £29.21 million, a P/E ratio of -32.52 and a beta of 0.87. The stock’s fifty day moving average is GBX 5.98 and its 200-day moving average is GBX 4.45.
About Blencowe Resources
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.
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