GCM Resources (LON:GCM) Hits New 52-Week High – Still a Buy?

GCM Resources Plc (LON:GCMGet Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 13 and last traded at GBX 12.45, with a volume of 11606825 shares. The stock had previously closed at GBX 11.90.

GCM Resources Stock Performance

The stock has a market cap of £63.75 million, a price-to-earnings ratio of -34.00 and a beta of 0.66. The company’s 50-day simple moving average is GBX 4.49 and its 200-day simple moving average is GBX 6.16. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 17.40.

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

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