GCM Resources PLC (GB:GCM)
LSE:GCM
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GCM Resources
(LSE:GCM)
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Rating:53Neutral
Price Target:
8.00 p
▲(25.00% Upside)
Action:ReiteratedDate:02/11/26
The score is held down primarily by weak fundamentals (no revenue, ongoing losses, and sustained cash burn), partially offset by a relatively sturdy balance sheet and strong current technical momentum. Valuation is also a limiting factor due to negative earnings and no stated dividend yield.
Positive Factors
Balance sheet strength
A sizable equity base (~£38.1m) and low leverage (debt-to-equity ~0.16) provide durable financial resilience. This capital buffer reduces near-term refinancing risk, supports ongoing development spending and gives management flexibility to pursue permitting and project milestones.
Negative Factors
No revenue / continued losses
The absence of revenue and a persistent net loss (~-£2.15m in 2025) are durable weaknesses. Without operating revenue, the business must rely on capital markets or asset monetization to fund development, leaving long-term viability contingent on successful project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A sizable equity base (~£38.1m) and low leverage (debt-to-equity ~0.16) provide durable financial resilience. This capital buffer reduces near-term refinancing risk, supports ongoing development spending and gives management flexibility to pursue permitting and project milestones.
Read all positive factors
GCM Resources (GCM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£30.93M
Dividend YieldN/A
Average Volume (3M)801.61K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees15
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding368,202,800
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, together with its subsidiaries, operates as a resource exploration and development company. It primarily develops the Phulbari coal and power project that relates to thermal coal and semi-soft coking coal located in Northwest Ba...
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 | 0.00 | -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
8.40
5.64
204.35%
GB:EOG
Europa Oil & Gas (Holdings)
1.23
0.68
122.73%
GB:ORCP
Oracle Coalfields
0.05
0.03
123.81%
GB:ZEN
Zenith Energy
7.00
-0.25
-3.45%
GB:KIBO
Kibo Mining
0.01
0.00
0.00%
GCM Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
GCM Resources Raises £1.25m to Advance Bangladesh Coal Project
Positive
Feb 11, 2026
GCM Resources has conditionally raised about £1.25 million through a placing of 15,244,000 new shares at 8.2 pence, an 18% discount to the recent closing price, representing roughly 4.14% of its enlarged share capital. The capital, arranged b...
Regulatory Filings and Compliance
GCM Resources Confirms Total Voting Rights at 352.9 Million Shares
Neutral
Jan 30, 2026
GCM Resources plc has confirmed that, as of 30 January 2026, its issued share capital stands at 352,958,790 ordinary shares of 1 pence each, all carrying one voting right and with no shares held in treasury, giving a total of 352,958,790 voting ri...
Business Operations and StrategyExecutive/Board Changes
GCM Resources Ousts Non-Executive Director as Board Seeks New Chairman
Neutral
Jan 27, 2026
GCM Resources has announced the unanimous dismissal of Paul Shackleton as a non-executive director, effective 26 January 2026, as part of a board-level shake-up. The company has begun the search for a new non-executive chairman, with Charlie Green...
Business Operations and StrategyPrivate Placements and Financing
GCM Resources Raises £1m in Discounted Placing to Support Bangladesh Coal Project
Neutral
Jan 16, 2026
GCM Resources has conditionally raised approximately £1.0 million through a placing of 16.7 million new shares at 6 pence each, a 20% discount to the previous closing bid price, to strengthen its working capital position. The funds will be us...
Business Operations and Strategy
GCM Resources Extends PowerChina Deal to Advance Phulbari Coal Mine
Positive
Dec 29, 2025
GCM Resources has secured a 24-month extension, to December 2027, of its memorandum of understanding with Power Construction Corporation of China (PowerChina) to advance development of the Phulbari coal mine on unchanged terms. The extension build...
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.