Blencowe Resources (LON:BRES) Shares Up 4.4% – Time to Buy?
by Doug Wharley · The Cerbat GemShares of Blencowe Resources Plc (LON:BRES – Get Free Report) traded up 4.4% during mid-day trading on Monday . The stock traded as high as GBX 7.66 and last traded at GBX 7.66. Approximately 1,299,153 shares changed hands during trading, a decline of 69% from the average session volume of 4,240,862 shares. The stock had previously closed at GBX 7.34.
Blencowe Resources Stock Up 4.3%
The company has a debt-to-equity ratio of 6.48, a quick ratio of 3.57 and a current ratio of 4.22. The company has a market cap of £35.91 million, a P/E ratio of -9.61 and a beta of 1.42. The stock has a 50 day moving average price of GBX 8.13 and a 200 day moving average price of GBX 8.21.
Blencowe Resources (LON:BRES – Get Free Report) last released its earnings results on Tuesday, May 26th. The company reported GBX (0.31) earnings per share (EPS) for the quarter.
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. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.