GCM Resources (LON:GCM) Trading Up 20.5% – Still a Buy?

by · The Cerbat Gem

Shares of GCM Resources Plc (LON:GCM – Get Free Report) shot up 20.5% during mid-day trading on Wednesday . The company traded as high as GBX 7.29 and last traded at GBX 7.29. 3,319,072 shares were traded during trading, an increase of 37% from the average session volume of 2,415,871 shares. The stock had previously closed at GBX 6.05.

GCM Resources Trading Up 19.0%

The firm has a market capitalization of £24.21 million, a P/E ratio of -10.29 and a beta of 0.73. The business’s 50 day moving average is GBX 6.13 and its two-hundred day moving average is GBX 5.93. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.

GCM Resources (LON:GCM – Get Free Report) last released its earnings results on Friday, November 21st. The company reported GBX (0.70) earnings per share for the quarter.

About GCM Resources

(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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