Blencowe Resources (LON:BRES) Shares Down 9.5% – What’s Next?

Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) fell 9.5% during trading on Friday . The stock traded as low as GBX 7.10 and last traded at GBX 7.15. 9,209,281 shares traded hands during trading, an increase of 232% from the average session volume of 2,769,870 shares. The stock had previously closed at GBX 7.90.

Blencowe Resources Stock Performance

The company has a debt-to-equity ratio of 16.04, a quick ratio of 3.57 and a current ratio of 0.12. The company has a market cap of £27.92 million, a price-to-earnings ratio of -31.09 and a beta of 0.87. The stock’s fifty day simple moving average is GBX 7.07 and its two-hundred day simple moving average is GBX 5.15.

About Blencowe Resources

(Get Free Report)

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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