Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) traded up 7.7% on Tuesday . The company traded as high as GBX 4.90 ($0.06) and last traded at GBX 4.90 ($0.06). 99,706 shares changed hands during trading, a decline of 81% from the average session volume of 513,142 shares. The stock had previously closed at GBX 4.55 ($0.06).
Blencowe Resources Price Performance
The company has a debt-to-equity ratio of 14.00, a current ratio of 0.45 and a quick ratio of 3.57. The firm has a market cap of £11.21 million, a P/E ratio of -500.00 and a beta of 0.87. The stock’s 50-day simple moving average is GBX 4.84 and its two-hundred day simple moving average is GBX 5.06.
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.
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