Blencowe Resources (LON:BRES) Hits New 1-Year Low – Time to Sell?

Blencowe Resources Plc (LON:BRESGet Free Report)’s stock price hit a new 52-week low on Friday . The company traded as low as GBX 2.90 ($0.04) and last traded at GBX 3.18 ($0.04), with a volume of 1198430 shares changing hands. The stock had previously closed at GBX 3.10 ($0.04).

Blencowe Resources Trading Up 2.6 %

The company has a quick ratio of 3.57, a current ratio of 0.12 and a debt-to-equity ratio of 16.04. The firm’s 50 day moving average is GBX 3.78 and its two-hundred day moving average is GBX 4.08. The stock has a market cap of £9.42 million, a price-to-earnings ratio of -7.36 and a beta of 0.87.

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

Blencowe Resources Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Blencowe Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blencowe Resources and related companies with MarketBeat.com's FREE daily email newsletter.