GCM Resources (LON:GCM) Trading Down 9.2% – Time to Sell?

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

GCM Resources Stock Up 6.3%

The company has a market cap of £6.53 million, a PE ratio of -3.05 and a beta of 0.73. The stock’s 50 day moving average price is GBX 2.78 and its 200-day moving average price is GBX 2.11. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20.

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 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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