GCM Resources Plc (GCM) Ordinary 10p
GCM Resources plc is a resource exploration and development company. The Company is engaged in the exploration and evaluation of energy related projects. The Company, through its subsidiaries, is engaged in the development of the Phulbari Coal and Power Project in Bangladesh. The Phulbari Coal project is located in the Dinajpur District of Northwest Bangladesh, approximately 350 kilometers from the capital, Dhaka. The mine footprint covers an area of approximately 5,190 hectares and is over 10 kilometers long and three kilometers wide. The Company's subsidiaries include South African Coal Limited, Asia Energy Corporation Pty Limited, Asia Energy Corporation (Bangladesh) Pty Limited, GCM Resources Singapore Pte Ltd and Asia Energy (Bangladesh) Pvt Ltd.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.