GCM Resources PLC (GB:GCM)
LSE:GCM
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GCM Resources
(LSE:GCM)
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Rating:42Neutral
Price Target:
4.50 p
▼(-29.69% Downside)
Action:Reiterated
Date:06/11/26
The score is held down primarily by the lack of revenue, ongoing losses, and persistent negative operating/free cash flow. Technicals add further downside risk with a clear downtrend and very weak momentum. A comparatively modest leverage position provides some offset, but not enough to outweigh the operational and price-trend weakness.
Positive Factors
Project-stage asset focus
GCM's strategic concentration on a single large-scale coal and power development creates a clear asset-led value proposition. If permitting and development progress, the vertically linked coal-plus-power project could deliver durable cash-generating capacity and meaningful long-term optionality for the company.
Negative Factors
No operating revenue
Absence of operating revenue signals the business remains pre‑commercial and wholly dependent on financing or asset realizations. Without diversified revenue streams, the company lacks internally generated funds to de-risk development, making long-term viability contingent on external capital or successful project monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Project-stage asset focus
GCM's strategic concentration on a single large-scale coal and power development creates a clear asset-led value proposition. If permitting and development progress, the vertically linked coal-plus-power project could deliver durable cash-generating capacity and meaningful long-term optionality for the company.
Read all positive factors
GCM Resources (GCM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£16.31M
Dividend YieldN/A
Average Volume (3M)801.61K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue GrowthN/A
EPS Growth24.32%
CountryUK
Employees15
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding374,986,360
10 Day Avg. Volume933,081
30 Day Avg. Volume801,610
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.31
Price to Sales (P/S)0.00
P/FCF Ratio-9.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GCM Resources Business Overview & Revenue Model
Company Description
GCM Resources Plc, an enterprise focused on resource exploration and development, operates through its various subsidiaries. Its principal undertaking is the Phulbari coal and power project in Northwest Bangladesh, centered on the extraction of th...
How the Company Makes Money
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GCM Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
23
Negative
| Breakdown | Jun 2025 | Jun 2024 | Dec 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.61M | -894.00K | -840.00K | -1.20M | -1.49M |
| Net Income | -2.15M | -1.39M | -1.32M | -1.68M | -1.87M |
Balance Sheet | |||||
| Total Assets | 45.67M | 45.51M | 43.98M | 44.16M | 42.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.31M | 1.66M | 543.00K | 961.00K | 717.00K |
| Total Debt | 6.21M | 5.67M | 5.21M | 4.71M | 4.26M |
| Total Liabilities | 7.58M | 7.05M | 6.56M | 6.08M | 5.69M |
| Stockholders Equity | 38.09M | 38.46M | 37.42M | 38.08M | 37.29M |
Cash Flow | |||||
| Free Cash Flow | -1.27M | -1.21M | -1.28M | -1.37M | -883.00K |
| Operating Cash Flow | -751.00K | -763.00K | -627.00K | -846.00K | -326.00K |
| Investing Cash Flow | -521.00K | -444.00K | -656.00K | -520.00K | -557.00K |
| Financing Cash Flow | 924.00K | 2.32M | 865.00K | 1.61M | 1.53M |
GCM Resources Peers Comparison
UnderperformOutperform
Sector (65)
GB:GCM
GCM Resources
4.34
0.84
24.00%
GB:EOG
Europa Oil & Gas (Holdings)
1.60
1.08
204.76%
GB:ORCP
Oracle Coalfields
0.05
0.03
212.50%
GB:ZEN
Zenith Energy
4.74
-10.26
-68.40%
GB:KIBO
Kibo Mining
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GCM Resources Corporate Events
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
GCM Resources issues new shares to consultants and director ahead of AIM admission
Positive
Jun 12, 2026
GCM Resources has issued 6,783,575 new ordinary shares to consultants Dyani Corporation and DG Infratech, as well as to executive director Keith Fulton, in lieu of accrued retainer and director fees covering April to December 2025. The share-based...
Business Operations and StrategyExecutive/Board Changes
GCM Resources grants 25.1 million share options to leadership
Positive
May 21, 2026
GCM Resources has granted 25.1 million share options, equal to about 6.82% of its issued share capital, to directors and senior managers under an unapproved share option scheme. The awards, which carry a five-year term and an exercise price set at...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
GCM Resources strengthens funding as Bangladesh energy shift boosts Phulbari prospects
Positive
Mar 31, 2026
GCM Resources reported an interim loss after tax of £1.012m for the six months to 31 December 2025, with lower administrative expenses and continued capitalised pre-development spending, while bolstering liquidity through two post-period equi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.