This report is the updated version of the report published on December 10, 2025, at 12:21 PM GMT

Company Overview:   

GCM Resources PLC (LSE: GCM) is an FTSE AIM All Share listed, United Kingdom based mining and energy company focused on developing the Phulbari Coal and Power Project in northwest Bangladesh. The project is situated in the Dinajpur District, approximately 350 kilometers from Dhaka and 10 kilometers from the Indian border. 

 This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

Fundamental Highlights:

GCM Resources plc announced its 2025 results, highlighting Bangladesh's political shift and an interim government's recognition of domestic coal development as critical for energy security. The company's Phulbari project is positioned as the most advanced solution, with updated economics and key partnerships in place. GCM awaits final government approval post-elections to begin implementation, aiming to reduce the nation's costly reliance on imported coal.

GCM Technical Observation:

GCM Resources PLC (LSE: GCM) is trading at GBX 6.01 after a steep decline, but the recent candlestick pattern shows some signs of price consolidation, which may hint at near-term exhaustion in selling pressure. The RSI stands at 48.40, placing the stock deep in better territory to entry, suggesting potential for a technical rebound if sentiment improves. While the downtrend remains dominant, any sustained move above GBX 6.67 could open the door for a relief rally toward the GBX 6.91. Near-term support is seen around GBX 5.53, and a bullish divergence in RSI could further validate recovery chances in the sessions ahead.

GCM Daily Chart

As per the above-mentioned price action and technical indicators analysis, a ‘Speculative Buy’ rating has been given on GCM Resources PLC (LSE: GCM) at the Current Market Price of GBX 6.01, as of December 10, 2025, 09:33 AM, GMT.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Markets are trading in a highly volatile zone currently due to certain Macro & Micro-economic data and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on December 10, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.