GCM Resources (LON:GCM) Stock Price Up 12.6% – Should You Buy?

GCM Resources Plc (LON:GCM)’s stock price traded up 12.6% during mid-day trading on Monday . The company traded as high as GBX 2.70 ($0.03) and last traded at GBX 2.70 ($0.03). 3,343,043 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 2,672,458 shares. The stock had previously closed at GBX 2.40 ($0.03).

GCM Resources Stock Up 12.6 %

The business has a 50-day moving average price of GBX 2.13 and a 200 day moving average price of GBX 2.12. The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The stock has a market capitalization of £8.09 million, a P/E ratio of -3.77 and a beta of 0.73.

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

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.