GCM Resources ( (GB:GCM) ) has issued an announcement.
GCM Resources plc announced that its total issued share capital comprises 299,467,803 ordinary shares, each with one voting right, as of the announcement date. This information is crucial for shareholders to calculate their interest in the company’s share capital under the UK Financial Conduct Authority’s rules. The announcement underscores GCM’s ongoing efforts to maintain transparency and regulatory compliance, which is vital for its strategic plans in the energy sector.
More about GCM Resources
GCM Resources plc is an AIM traded mining and energy company focused on the Phulbari Coal and Power Project in north-west Bangladesh. The company has identified a high-quality coal resource of 572 million tonnes and aims to support 6,600MW of power generation using advanced energy-efficient technology. GCM seeks approval from the Government of Bangladesh to develop the project and plans to supply coal to the country’s existing and upcoming coal-fired power plants, collaborating with internationally recognized strategic partners to deliver cost-effective coal-fired electricity.
YTD Price Performance: -16.22%
Average Trading Volume: 551,940
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.64M
For a thorough assessment of GCM stock, go to TipRanks’ Stock Analysis page.