GCM Resources (LON:GCM) Shares Down 14.7% – Time to Sell?

GCM Resources Plc (LON:GCMGet Free Report) fell 14.7% during mid-day trading on Monday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.45 ($0.02). 298,186 shares traded hands during trading, a decline of 33% from the average session volume of 442,811 shares. The stock had previously closed at GBX 1.70 ($0.02).

GCM Resources Price Performance

The company has a debt-to-equity ratio of 14.77, a current ratio of 0.06 and a quick ratio of 0.11. The stock has a market capitalization of £4.28 million, a price-to-earnings ratio of -155.00 and a beta of 0.73. The business’s fifty day moving average price is GBX 1.77 and its 200-day moving average price is GBX 2.62.

GCM Resources (LON:GCMGet Free Report) last released its quarterly earnings results on Tuesday, November 19th. The company reported GBX (0.60) (($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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