GCM Resources (LON:GCM) Stock Price Up 7.5% – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report) shot up 7.5% during mid-day trading on Friday . The company traded as high as GBX 4.08 ($0.06) and last traded at GBX 4.08 ($0.06). 881,378 shares traded hands during trading, a decline of 60% from the average session volume of 2,225,721 shares. The stock had previously closed at GBX 3.80 ($0.05).

GCM Resources Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.11 and a debt-to-equity ratio of 14.76. The company has a market capitalization of £12.58 million, a PE ratio of -5.87 and a beta of 0.73. The stock has a fifty day simple moving average of GBX 2.79 and a 200-day simple moving average of GBX 2.26.

GCM Resources (LON:GCMGet Free Report) last announced its quarterly earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) earnings per share (EPS) for the quarter.

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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