Robex Resources (CVE:RBX) Stock Price Down 4.2% – Here’s What Happened

Shares of Robex Resources Inc. (CVE:RBX) dropped 4.2% during mid-day trading on Wednesday . The stock traded as low as C$2.15 and last traded at C$2.30. Approximately 93,730 shares traded hands during mid-day trading, an increase of 266% from the average daily volume of 25,617 shares. The stock had previously closed at C$2.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$3.75 price objective on Robex Resources and gave the stock a “speculative buy” rating in a research report on Wednesday, December 11th.

Robex Resources Stock Down 5.2 %

The company has a market capitalization of C$357.51 million and a price-to-earnings ratio of -4.47. The company has a current ratio of 0.92, a quick ratio of 1.14 and a debt-to-equity ratio of 17.79. The firm’s 50 day simple moving average is C$2.41 and its 200-day simple moving average is C$2.61.

About Robex Resources

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.