Rugby Resources (CVE:RUG) Shares Down 25% – Here’s Why

Shares of Rugby Resources Ltd. (CVE:RUG) traded down 25% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 1,099,528 shares changed hands during trading, an increase of 220% from the average session volume of 343,510 shares. The stock had previously closed at C$0.02.

Rugby Resources Stock Down 25.0 %

The company has a debt-to-equity ratio of 6.04, a current ratio of 0.86 and a quick ratio of 2.57. The firm has a market capitalization of C$4.74 million, a price-to-earnings ratio of -1.50 and a beta of 1.89. The business has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04.

Rugby Resources Company Profile

Rugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising various exploration permits totaling 849 square kilometers located in North Queensland, Australia.