GCM Resources Plc (LON:GCM – Get Free Report) shares rose 23.5% on Tuesday . The stock traded as high as GBX 5.20 ($0.07) and last traded at GBX 5.19 ($0.07). Approximately 15,802,648 shares changed hands during trading, an increase of 576% from the average daily volume of 2,336,770 shares. The stock had previously closed at GBX 4.20 ($0.05).
GCM Resources Price Performance
The business’s 50 day simple moving average is GBX 1.83 and its 200-day simple moving average is GBX 2.10. The stock has a market capitalization of £15.53 million, a price-to-earnings ratio of -7.25 and a beta of 0.73. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.
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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