GCM Resources (LON:GCM) Shares Down 10.1% – What’s Next?

GCM Resources Plc (LON:GCMGet Free Report)’s share price was down 10.1% during trading on Wednesday . The company traded as low as GBX 3.10 and last traded at GBX 3.10. Approximately 536,101 shares changed hands during trading, a decline of 67% from the average daily volume of 1,628,757 shares. The stock had previously closed at GBX 3.45.

GCM Resources Price Performance

The company has a debt-to-equity ratio of 17.40, a current ratio of 0.09 and a quick ratio of 0.11. The stock has a 50 day moving average price of GBX 4.64 and a 200-day moving average price of GBX 6.47. The stock has a market capitalization of £11.62 million, a price-to-earnings ratio of -6.20 and a beta of 0.72.

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. GCM Resources Plc was incorporated in 2003 and is based in London, the United Kingdom.

Further Reading

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