Blencowe Resources (LON:BRES) Shares Down 1.3%

Blencowe Resources Plc (LON:BRES – Get Rating)’s share price dropped 1.3% during trading on Tuesday . The stock traded as low as GBX 3.71 ($0.05) and last traded at GBX 3.80 ($0.05). Approximately 189,763 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,882,702 shares. The stock had previously closed at GBX 3.85 ($0.05).

The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 20.76. The company has a market capitalization of £6.79 million and a PE ratio of -6.33. The stock has a 50-day moving average of GBX 4.49 and a 200 day moving average of GBX 4.63.

Blencowe Resources Company Profile (LON:BRES)

Blencowe Resources Plc engages in the exploration of mineral properties. It holds an interest in the Orom-Cross Graphite project that covers 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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