Blencowe Resources (LON:BRES) Releases Earnings Results

Blencowe Resources (LON:BRES) announced its earnings results on Friday. The company reported GBX (0.36) EPS for the quarter, Digital Look Earnings reports.

Blencowe Resources Trading Down 1.2%

Shares of BRES traded down GBX 0.10 during mid-day trading on Friday, hitting GBX 8.20. The company had a trading volume of 4,467,031 shares, compared to its average volume of 4,894,179. The company has a quick ratio of 3.57, a current ratio of 0.12 and a debt-to-equity ratio of 16.04. Blencowe Resources has a 1-year low of GBX 2.55 and a 1-year high of GBX 9.80. The business’s 50-day simple moving average is GBX 7.60 and its 200-day simple moving average is GBX 6.27. The stock has a market cap of £39.00 million, a PE ratio of -35.65 and a beta of 0.87.

About Blencowe Resources

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.