GCM Resources (LON:GCM) Shares Down 2.7% – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price traded down 2.7% during trading on Friday . The company traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.80 ($0.02). 102,030 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 237,382 shares. The stock had previously closed at GBX 1.85 ($0.02).

GCM Resources Price Performance

The firm’s 50 day simple moving average is GBX 1.96 and its two-hundred day simple moving average is GBX 3.07. The company has a debt-to-equity ratio of 14.77, a current ratio of 0.06 and a quick ratio of 0.11. The firm has a market capitalization of £4.97 million, a P/E ratio of -180.00 and a beta of 0.73.

About GCM Resources

(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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