GCM Resources (LON:GCM) Shares Down 9.9% – Time to Sell?
by Tristan Rich · The Markets DailyGCM Resources Plc (LON:GCM – Get Free Report) was down 9.9% during trading on Thursday . The company traded as low as GBX 7.24 and last traded at GBX 7.26. Approximately 7,516,743 shares traded hands during trading, an increase of 213% from the average daily volume of 2,401,044 shares. The stock had previously closed at GBX 8.05.
GCM Resources Stock Down 9.9%
The firm has a market cap of £26.72 million, a price-to-earnings ratio of -14.51 and a beta of 0.99. The business’s 50 day moving average price is GBX 8.35 and its 200 day moving average price is GBX 6.96. The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09.
GCM Resources (LON:GCM – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported GBX (0.30) EPS for the quarter.
About GCM Resources
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.