GCM Resources (LON:GCM) Trading Up 12.6% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price shot up 12.6% on Monday . The stock traded as high as GBX 2.70 ($0.03) and last traded at GBX 2.70 ($0.03). 3,343,043 shares changed hands during trading, an increase of 25% from the average session volume of 2,672,458 shares. The stock had previously closed at GBX 2.40 ($0.03).

GCM Resources Stock Performance

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The stock has a market cap of £8.61 million, a P/E ratio of -4.02 and a beta of 0.73. The business’s 50-day moving average price is GBX 2.13 and its 200-day moving average price is GBX 2.12.

GCM Resources (LON:GCMGet Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) earnings per share (EPS) for the quarter.

GCM Resources Company Profile

(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.

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