GCM Resources (LON:GCM) Trading Down 9.2% – Here’s What Happened

GCM Resources Plc (LON:GCMGet Free Report)’s share price traded down 9.2% during trading on Wednesday . The company traded as low as GBX 2.16 ($0.03) and last traded at GBX 2.16 ($0.03). 1,277,051 shares were traded during trading, a decline of 45% from the average session volume of 2,327,961 shares. The stock had previously closed at GBX 2.38 ($0.03).

GCM Resources Price Performance

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The company has a market cap of £6.53 million, a price-to-earnings ratio of -3.05 and a beta of 0.73. The business has a fifty day moving average price of GBX 2.78 and a 200 day moving average price of GBX 2.11.

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

GCM Resources Company Profile

(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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