Blencowe Resources (LON:BRES) Shares Up 10.6% – What’s Next?

Blencowe Resources Plc (LON:BRESGet Free Report)’s stock price traded up 10.6% on Monday . The stock traded as high as GBX 4 ($0.05) and last traded at GBX 3.87 ($0.05). 300,409 shares were traded during trading, a decline of 50% from the average session volume of 602,373 shares. The stock had previously closed at GBX 3.50 ($0.04).

Blencowe Resources Price Performance

The company has a 50 day moving average price of GBX 4.08 and a 200-day moving average price of GBX 4.65. The company has a market cap of £9.06 million, a price-to-earnings ratio of -400.00 and a beta of 0.87. The company has a quick ratio of 3.57, a current ratio of 0.45 and a debt-to-equity ratio of 14.00.

About Blencowe Resources

(Get Free Report)

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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