Shares of GCM Resources Plc (LON:GCM – Get Free Report) shot up 18.9% during mid-day trading on Monday . The company traded as high as GBX 3.70 ($0.05) and last traded at GBX 3.40 ($0.04). 12,515,962 shares changed hands during mid-day trading, an increase of 659% from the average session volume of 1,648,413 shares. The stock had previously closed at GBX 2.86 ($0.04).
GCM Resources Trading Up 14.7 %
The firm has a market cap of £9.82 million, a P/E ratio of -4.58 and a beta of 0.73. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The business has a 50 day moving average of GBX 1.63 and a two-hundred day moving average of GBX 2.08.
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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