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GCM Resources ( (GB:GCM) ) has provided an update.
GCM Resources plc announced that its total issued share capital consists of 295,288,306 ordinary shares, each with one voting right. This information is essential for shareholders to determine any changes in their interests under the UK’s Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, impacting how they report their shareholdings. This announcement is a procedural update that helps maintain transparency and compliance with regulatory requirements, ensuring stakeholders are informed of the current share capital structure.
More about GCM Resources
GCM Resources plc is an AIM-traded mining and energy company focused on the development of the Phulbari Coal and Power Project in north-west Bangladesh. The company has identified a significant coal resource of 572 million tonnes, which can potentially support 6,600MW of power generation using advanced power technologies. GCM is aligning its strategy to supply coal to Bangladesh’s existing and planned coal-fired power plants, with the aim of providing cost-effective electricity solutions in partnership with internationally recognized strategic development partners.
YTD Price Performance: -18.92%
Average Trading Volume: 557,055
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.43M
Learn more about GCM stock on TipRanks’ Stock Analysis page.
