Blencowe Resources (LON:BRES) Stock Price Up 2% – Time to Buy?

Shares of Blencowe Resources Plc (LON:BRESGet Free Report) rose 2% on Tuesday . The stock traded as high as GBX 7.80 and last traded at GBX 7.80. Approximately 3,233,646 shares traded hands during trading, a decline of 31% from the average daily volume of 4,682,319 shares. The stock had previously closed at GBX 7.65.

Blencowe Resources Price Performance

The company’s 50-day moving average is GBX 7.53 and its 200-day moving average is GBX 6.08. The firm has a market capitalization of £37.10 million, a price-to-earnings ratio of -33.91 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.

Blencowe Resources Company Profile

(Get Free Report)

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.

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