GCM Resources (LON:GCM) Trading 14.7% Higher – Should You Buy?

GCM Resources Plc (LON:GCMGet Free Report) shares traded up 14.7% on Monday . The company traded as high as GBX 3.70 ($0.05) and last traded at GBX 3.28 ($0.04). 14,020,206 shares traded hands during trading, an increase of 736% from the average session volume of 1,676,795 shares. The stock had previously closed at GBX 2.86 ($0.04).

GCM Resources Stock Up 14.7 %

The stock has a market capitalization of £9.82 million, a price-to-earnings ratio of -4.58 and a beta of 0.73. The business’s 50-day moving average is GBX 1.63 and its two-hundred day moving average is GBX 2.08. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.

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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