GCM Resources (LON:GCM) Trading Up 10.5% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report) was up 10.5% during mid-day trading on Monday . The company traded as high as GBX 2.65 ($0.03) and last traded at GBX 2.65 ($0.03). Approximately 2,637,843 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 2,662,087 shares. The stock had previously closed at GBX 2.40 ($0.03).

GCM Resources Stock Performance

The firm’s fifty day moving average is GBX 2.11 and its 200 day moving average is GBX 2.12. The firm has a market capitalization of £8.09 million, a price-to-earnings ratio of -3.77 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a current ratio of 1.20 and a quick ratio of 0.11.

GCM Resources (LON:GCMGet Free Report) last issued its earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) earnings per share (EPS) for the quarter.

GCM Resources Company Profile

(Get Free Report)

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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