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

GCM Resources Plc (LON:GCMGet Free Report)’s stock price shot up 12.6% during trading 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 mid-day 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 Trading Up 2.5 %

The company’s fifty day simple moving average is GBX 2.13 and its two-hundred day simple moving average is GBX 2.12. The company has a market capitalization of £8.47 million, a price-to-earnings ratio of -3.96 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.

GCM Resources (LON:GCMGet Free Report) last issued its quarterly earnings data on Monday, March 31st. The company reported GBX (0.50) (($0.01)) 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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