GCM Resources Plc (LON:GCM – Get Free Report) shares were down 8.5% on Thursday . The company traded as low as GBX 4 ($0.05) and last traded at GBX 4.30 ($0.06). Approximately 4,854,185 shares changed hands during trading, an increase of 100% from the average daily volume of 2,427,280 shares. The stock had previously closed at GBX 4.70 ($0.06).
GCM Resources Trading Down 8.5 %
The firm has a 50-day moving average of GBX 1.96 and a 200 day moving average of GBX 2.13. 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 stock has a market capitalization of £12.88 million, a price-to-earnings ratio of -6.01 and a beta of 0.73.
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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