GCM Resources (LON:GCM) Shares Down 14.6% – Here’s Why

Shares of GCM Resources Plc (LON:GCMGet Free Report) fell 14.6% on Friday . The stock traded as low as GBX 3.50 and last traded at GBX 3.50. Approximately 2,818,242 shares were traded during trading, an increase of 50% from the average session volume of 1,881,107 shares. The stock had previously closed at GBX 4.10.

GCM Resources Price Performance

The stock has a market cap of £13.12 million, a PE ratio of -7.00 and a beta of 0.72. The stock’s fifty day moving average is GBX 4.10 and its 200-day moving average is GBX 6.23. The company has a debt-to-equity ratio of 17.40, a current ratio of 0.09 and a quick ratio of 0.11.

GCM Resources Company Profile

(Get Free Report)

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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