Shares of Blencowe Resources Plc (LON:BRES – Get Free Report) rose 14.4% during mid-day trading on Thursday . The company traded as high as GBX 4.50 ($0.05) and last traded at GBX 4.29 ($0.05). Approximately 645,883 shares traded hands during trading, an increase of 116% from the average daily volume of 299,657 shares. The stock had previously closed at GBX 3.75 ($0.05).
Blencowe Resources Stock Performance
The company has a quick ratio of 3.57, a current ratio of 0.45 and a debt-to-equity ratio of 14.00. The company has a 50-day moving average price of GBX 3.93 and a 200-day moving average price of GBX 4.54. The company has a market capitalization of £9.62 million, a price-to-earnings ratio of -425.00 and a beta of 0.87.
Blencowe Resources Company Profile
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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