Blencowe Resources Plc (LON:BRES – Get Free Report)’s share price traded up 14.4% during mid-day trading on Thursday . The stock traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.29 ($0.05). 645,883 shares were traded during mid-day trading, an increase of 116% from the average session volume of 299,657 shares. The stock had previously closed at GBX 3.75 ($0.05).
Blencowe Resources Trading Up 14.0 %
The business’s fifty day moving average is GBX 3.97 and its 200-day moving average is GBX 4.56. The company has a debt-to-equity ratio of 14.00, a quick ratio of 3.57 and a current ratio of 0.45. The firm has a market cap of £9.68 million, a P/E ratio of -427.50 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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