GCM Resources (LON:GCM) Trading Up 15.5% – Here’s Why

Shares of GCM Resources Plc (LON:GCM) shot up 15.5% during trading on Monday . The stock traded as high as GBX 3.50 ($0.05) and last traded at GBX 3.30 ($0.04). 4,972,323 shares were traded during trading, an increase of 230% from the average session volume of 1,506,080 shares. The stock had previously closed at GBX 2.86 ($0.04).

GCM Resources Stock Up 15.4 %

The company’s 50-day simple moving average is GBX 1.63 and its 200 day simple moving average is GBX 2.08. The firm has a market cap of £9.88 million, a P/E ratio of -4.61 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 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.