GCM Resources (LON:GCM) Shares Down 22.1% – Time to Sell?

GCM Resources Plc (LON:GCMGet Free Report) fell 22.1% on Friday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 2.80 ($0.04). 38,689,742 shares were traded during trading, an increase of 1,160% from the average session volume of 3,070,718 shares. The stock had previously closed at GBX 3.60 ($0.05).

GCM Resources Stock Performance

The company has a fifty day moving average of GBX 2 and a two-hundred day moving average of GBX 2.14. The firm has a market capitalization of £8.39 million, a price-to-earnings ratio of -3.91 and a beta of 0.73. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

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.

Recommended Stories

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