GCM Resources (LON:GCM) Shares Up 10.3% – Here’s Why

GCM Resources Plc (LON:GCM)’s stock price rose 10.3% on Saturday . The stock traded as high as GBX 4 ($0.05) and last traded at GBX 3.75 ($0.05). Approximately 1,722,266 shares traded hands during trading, a decline of 19% from the average daily volume of 2,119,384 shares. The stock had previously closed at GBX 3.40 ($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 firm has a market cap of £11.23 million, a P/E ratio of -5.24 and a beta of 0.73. The company has a fifty day moving average price of GBX 3.02 and a two-hundred day moving average price of GBX 2.40.

GCM Resources (LON:GCM) last released its earnings results on Monday, March 31st. The company reported GBX (0.50) (($0.01)) EPS for the quarter.

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.