Blencowe Resources (LON:BRES) Trading Down 3.2% – Time to Sell?

Blencowe Resources Plc (LON:BRESGet Free Report) shares traded down 3.2% on Monday . The company traded as low as GBX 4.40 ($0.06) and last traded at GBX 4.60 ($0.06). 1,564,078 shares traded hands during trading, an increase of 31% from the average session volume of 1,194,052 shares. The stock had previously closed at GBX 4.75 ($0.06).

Blencowe Resources Stock Performance

The company has a current ratio of 0.12, a quick ratio of 3.57 and a debt-to-equity ratio of 16.04. The firm has a market cap of £15.34 million, a price-to-earnings ratio of -2,000.00 and a beta of 0.87. The stock has a fifty day moving average price of GBX 4.15 and a 200 day moving average price of GBX 3.63.

Blencowe Resources (LON:BRESGet Free Report) last issued its quarterly earnings data on Monday, June 2nd. The company reported GBX (0.09) EPS for the quarter.

Blencowe Resources Company Profile

(Get Free Report)

Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017.

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