Blencowe Resources Plc (LON:BRES – Get Free Report) shares traded down 17.3% during mid-day trading on Wednesday . The stock traded as low as GBX 2.80 ($0.04) and last traded at GBX 3.10 ($0.04). 1,526,604 shares were traded during trading, an increase of 122% from the average session volume of 686,910 shares. The stock had previously closed at GBX 3.75 ($0.05).
Blencowe Resources Stock Performance
The firm has a fifty day moving average of GBX 3.68 and a 200-day moving average of GBX 4.01. 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 has a market cap of £8.71 million, a P/E ratio of -6.81 and a beta of 0.87.
Blencowe Resources (LON:BRES – Get Free Report) last issued its earnings results on Friday, January 31st. The company reported GBX (0.45) (($0.01)) earnings per share (EPS) for the quarter.
About Blencowe Resources
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.
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