Blencowe Resources (LON:BRES) Sets New 52-Week Low – Time to Sell?

Blencowe Resources Plc (LON:BRESGet Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 3 ($0.04) and last traded at GBX 3.29 ($0.04), with a volume of 1824924 shares trading hands. The stock had previously closed at GBX 3.30 ($0.04).

Blencowe Resources Price Performance

The company has a market capitalization of £9.48 million, a price-to-earnings ratio of -7.40 and a beta of 0.87. The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57. The business has a fifty day moving average price of GBX 3.94 and a 200 day moving average price of GBX 4.20.

Blencowe Resources (LON:BRESGet Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported GBX (0.45) (($0.01)) EPS for the quarter.

About Blencowe Resources

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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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