Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
GCM Resources ( (GB:GCM) ) has provided an update.
GCM Resources plc has renewed its consulting agreement with Dyani Corporation Ltd to strengthen its partnership with Power Construction Corporation of China, Ltd and facilitate the development of the Phulbari Coal Project. The agreement aligns Dyani’s interests with shareholders by compensating them in shares, aiming to secure government approval, finance, and further project opportunities. This strategic move is crucial for maintaining relationships with PowerChina and the Bangladeshi government, impacting company operations and stakeholder interests.
More about GCM Resources
GCM Resources plc is an AIM-traded mining and energy company that has identified a high-quality coal resource of 572 million tonnes at the Phulbari Coal and Power Project in north-west Bangladesh. The company focuses on utilizing efficient power generating technology to support a substantial electricity capacity, while seeking government approval to develop the project and cater to existing and upcoming coal-fired power plants in Bangladesh.
YTD Price Performance: -2.70%
Average Trading Volume: 475,776
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.97M
See more data about GCM stock on TipRanks’ Stock Analysis page.
