GCM Resources (LON:GCM) Trading 20.5% Higher – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report)’s share price was up 20.5% during mid-day trading on Wednesday . The company traded as high as GBX 7.29 and last traded at GBX 7.29. Approximately 3,319,072 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 2,415,871 shares. The stock had previously closed at GBX 6.05.

GCM Resources Stock Down 1.3%

The firm has a market cap of £24.89 million, a P/E ratio of -10.57 and a beta of 0.73. The firm’s 50-day moving average price is GBX 6.27 and its 200 day moving average price is GBX 5.97. 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 (LON:GCMGet Free Report) last announced its quarterly earnings data on Friday, November 21st. The company reported GBX (0.70) earnings per share (EPS) for the quarter.

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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.

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