GCM Resources Plc (LON:GCM – Get Free Report) shares shot up 50.5% during mid-day trading on Saturday . The company traded as high as GBX 3 ($0.04) and last traded at GBX 2.86 ($0.04). 6,413,438 shares changed hands during trading, an increase of 346% from the average session volume of 1,439,421 shares. The stock had previously closed at GBX 1.90 ($0.02).
GCM Resources Stock Up 50.5 %
The business has a 50-day simple moving average of GBX 1.63 and a two-hundred day simple moving average of GBX 2.08. The stock has a market capitalization of £8.56 million, a P/E ratio of -4.00 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.
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.
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