Blencowe Resources Plc (LON:BRES – Get Free Report)’s share price fell 24.9% during mid-day trading on Monday . The stock traded as low as GBX 6.10 and last traded at GBX 6.20. 48,765,449 shares were traded during 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 Trading Up 2.9%
The business has a 50 day moving average of GBX 7.31 and a 200-day moving average of GBX 7.98. The stock has a market cap of £30.41 million, a PE ratio of -8.12 and a beta of 1.45. The company has a current ratio of 4.22, a quick ratio of 3.57 and a debt-to-equity ratio of 6.48.
About Blencowe Resources
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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