GCM Resources (LON:GCM) Trading Up 1.8% – Should You Buy?

GCM Resources Plc (LON:GCM)’s share price traded up 1.8% during trading on Wednesday . The company traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.30 ($0.03). 325,376 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,435,897 shares. The stock had previously closed at GBX 2.26 ($0.03).

GCM Resources Stock Up 1.8 %

The stock has a market cap of £6.36 million, a PE ratio of -230.00 and a beta of 0.73. 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 company has a 50 day moving average price of GBX 2.71 and a two-hundred day moving average price of GBX 4.31.

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.