Blencowe Resources Plc (LON:BRES – Get Free Report) shares dropped 1.7% on Wednesday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.65 ($0.07). Approximately 225,819 shares changed hands during trading, a decline of 67% from the average daily volume of 674,824 shares. The stock had previously closed at GBX 5.75 ($0.07).
Blencowe Resources Price Performance
The firm has a market cap of £12.17 million, a PE ratio of -560.00 and a beta of 0.92. The company has a debt-to-equity ratio of 13.95, a quick ratio of 3.57 and a current ratio of 0.15. The company’s 50-day simple moving average is GBX 4.81 and its two-hundred day simple moving average is GBX 4.71.
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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