GCM Resources (LON:GCM) Shares Up 33.4% – Should You Buy?

GCM Resources Plc (LON:GCM)’s stock price rose 33.4% during mid-day trading on Monday . The stock traded as high as GBX 2.20 ($0.03) and last traded at GBX 1.87 ($0.02). Approximately 8,381,048 shares were traded during mid-day trading, an increase of 1,034% from the average daily volume of 739,056 shares. The stock had previously closed at GBX 1.40 ($0.02).

GCM Resources Stock Up 33.4 %

The company has a market capitalization of £5.59 million, a price-to-earnings ratio of -2.61 and a beta of 0.73. The business has a fifty day simple moving average of GBX 1.59 and a two-hundred day simple moving average of GBX 2.11. The company has a quick ratio of 0.11, a current ratio of 1.20 and a debt-to-equity ratio of 14.76.

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.