Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) were down 24.9% during mid-day trading on Monday . The stock traded as low as GBX 6.10 and last traded at GBX 6.20. Approximately 48,765,449 shares traded hands during mid-day trading, an increase of 1,133% from the average daily volume of 3,953,457 shares. The stock had previously closed at GBX 8.26.
Blencowe Resources Stock Performance
The stock has a fifty day simple moving average of GBX 7.35 and a two-hundred day simple moving average of GBX 8.04. The company has a debt-to-equity ratio of 6.48, a quick ratio of 3.57 and a current ratio of 4.22. The stock has a market capitalization of £30.53 million, a price-to-earnings ratio of -8.16 and a beta of 1.45.
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.
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