Blencowe Resources (LON:BRES) Stock Price Up 10.8% – Here’s What Happened

Blencowe Resources Plc (LON:BRES)’s stock price rose 10.8% during mid-day trading on Tuesday . The company traded as high as GBX 8.40 and last traded at GBX 8.40. Approximately 11,647,048 shares changed hands during mid-day trading, an increase of 133% from the average daily volume of 4,999,057 shares. The stock had previously closed at GBX 7.58.

Blencowe Resources Stock Up 10.8%

The business has a 50-day moving average price of GBX 7.58 and a 200 day moving average price of GBX 6.48. The company has a current ratio of 0.12, a quick ratio of 3.57 and a debt-to-equity ratio of 16.04. The stock has a market capitalization of £45.66 million, a P/E ratio of -15.56 and a beta of 0.87.

Blencowe Resources (LON:BRES) last released its quarterly earnings results on Friday, January 30th. The company reported GBX (0.36) earnings per share (EPS) for the quarter.

Blencowe Resources Company Profile

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.