GCM Resources (LON:GCM) Trading 33.4% Higher – Should You Buy?

GCM Resources Plc (LON:GCM)’s stock price traded up 33.4% on Tuesday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). 8,381,048 shares traded hands during mid-day trading, an increase of 1,034% from the average session volume of 739,056 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Up 37.6 %

The stock’s fifty day moving average is GBX 1.59 and its two-hundred day moving average is GBX 2.10. 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 company has a market capitalization of £7.52 million, a PE ratio of -3.51 and a beta of 0.73.

GCM Resources Company Profile

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.