GCM Resources (LON:GCM) Trading Up 33.4% – What’s Next?

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

GCM Resources Trading Up 33.4 %

The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.11 and a current ratio of 1.20. The stock has a market cap of £5.59 million, a P/E ratio of -2.61 and a beta of 0.73. The stock has a 50-day moving average price of GBX 1.59 and a 200-day moving average price of GBX 2.10.

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.