GCM Resources Plc (LON:GCM – Get Free Report) was down 10.5% during mid-day trading on Tuesday . The company traded as low as GBX 16.60 and last traded at GBX 17. Approximately 19,744,203 shares traded hands during mid-day trading, an increase of 598% from the average daily volume of 2,827,169 shares. The stock had previously closed at GBX 19.
GCM Resources Stock Performance
The company has a market capitalization of £56.25 million, a price-to-earnings ratio of -30.00 and a beta of 0.71. The stock has a 50 day simple moving average of GBX 5.22 and a 200 day simple moving average of GBX 6.33. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40.
Insider Activity
In related news, insider Keith Fulton sold 144,368 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of GBX 17, for a total transaction of £24,542.56. Company insiders own 0.71% of the company’s stock.
About GCM Resources
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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