Shares of GCM Resources Plc (LON:GCM – Get Free Report) traded up 10.3% on Friday . The stock traded as high as GBX 16 and last traded at GBX 16. Approximately 4,402,617 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 3,206,314 shares. The stock had previously closed at GBX 14.50.
GCM Resources Price Performance
The company has a 50-day moving average of GBX 6.43 and a 200 day moving average of GBX 6.54. The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.11 and a current ratio of 0.09. The firm has a market cap of £60.00 million, a P/E ratio of -32.00 and a beta of 0.71.
Insider Activity at GCM Resources
In other news, insider Keith Fulton sold 144,368 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 17, for a total value of £24,542.56. Corporate insiders own 0.71% of the company’s stock.
GCM Resources Company Profile
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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