GCM Resources (LON:GCM) Shares Up 30% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s share price shot up 30% on Monday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.82 ($0.02). 5,966,475 shares changed hands during trading, an increase of 766% from the average session volume of 688,752 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Up 30.0 %

The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76. The company has a market cap of £5.45 million, a PE ratio of -2.54 and a beta of 0.73. The company’s fifty day moving average is GBX 1.59 and its 200-day moving average is GBX 2.11.

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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