Red Rock Resources (LON:RRR) Trading 24% Higher – Time to Buy?

Red Rock Resources Plc (LON:RRRGet Free Report)’s share price shot up 24% on Wednesday . The company traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.06 ($0.00). 185,177,047 shares changed hands during trading, an increase of 31% from the average session volume of 141,579,234 shares. The stock had previously closed at GBX 0.05 ($0.00).

Red Rock Resources Price Performance

The company has a debt-to-equity ratio of 20.07, a quick ratio of 0.08 and a current ratio of 0.20. The business has a 50 day simple moving average of GBX 0.04 and a two-hundred day simple moving average of GBX 0.04. The firm has a market capitalization of £2.60 million, a P/E ratio of -1.80 and a beta of 1.60.

Red Rock Resources Company Profile

(Get Free Report)

Red Rock Resources Plc engages in the production and exploration of natural resources assets in the South Africa, Kenya, Democratic Republic of Congo, Australia, and internationally. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties.

Further Reading

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