Blencowe Resources (LON:BRES) Reaches New 12-Month High – Still a Buy?

Blencowe Resources Plc (LON:BRES) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 10.70 and last traded at GBX 10.50, with a volume of 8775361 shares. The stock had previously closed at GBX 9.88.

Blencowe Resources Price Performance

The firm has a market cap of £64.95 million, a PE ratio of -22.13 and a beta of 0.87. The company has a debt-to-equity ratio of 16.04, a current ratio of 0.12 and a quick ratio of 3.57. The firm has a 50-day simple moving average of GBX 8.18 and a 200 day simple moving average of GBX 6.94.

Blencowe Resources (LON:BRES) last issued its quarterly earnings results on Friday, January 30th. The company reported GBX (0.36) earnings per share (EPS) for the quarter.

Blencowe Resources Company Profile

Blencowe Resources Plc engages in the acquisition, development, and exploration of graphite properties in Northern Uganda. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly known as Cora Gold Limited and changed its name to Blencowe Resources Limited in September 2017. Blencowe Resources Plc was incorporated in 2017 and is based in London, the United Kingdom.