GCM Resources (LON:GCM) Stock Price Down 11.8% – Here’s Why

GCM Resources Plc (LON:GCM)’s share price fell 11.8% during mid-day trading on Wednesday . The stock traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.68 ($0.02). Approximately 664,684 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 2,235,693 shares. The stock had previously closed at GBX 1.90 ($0.02).

GCM Resources Stock Performance

The company has a market cap of £5.53 million, a P/E ratio of -200.00 and a beta of 0.73. The business’s 50 day simple moving average is GBX 2.19 and its 200 day simple moving average is GBX 3.50. The company has a current ratio of 0.06, a quick ratio of 0.11 and a debt-to-equity ratio of 14.77.

GCM Resources Company Profile

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.