GCM Resources (LON:GCM) Trading Down 13.3% – What’s Next?

GCM Resources Plc (LON:GCM)’s share price fell 13.3% during mid-day trading on Tuesday . The stock traded as low as GBX 15.32 and last traded at GBX 16.25. Approximately 15,419,334 shares were traded during trading, an increase of 358% from the average daily volume of 3,366,796 shares. The stock had previously closed at GBX 18.75.

GCM Resources Trading Down 13.3%

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 50 day simple moving average of GBX 7.88 and a two-hundred day simple moving average of GBX 6.81. The firm has a market capitalization of £61.40 million, a P/E ratio of -32.50 and a beta of 0.71.

Insiders Place Their Bets

In other GCM Resources 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. Company insiders own 0.67% of the company’s stock.

About GCM Resources

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.