Rockfire Resources (LON:ROCK) Trading Up 21.3% – Still a Buy?

Rockfire Resources plc (LON:ROCK) was up 21.3% during trading on Wednesday . The company traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 63,166,879 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 46,438,344 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Price Performance

The company’s 50 day simple moving average is GBX 0.14 and its two-hundred day simple moving average is GBX 0.15. The company has a market cap of £5.87 million, a PE ratio of -2.20 and a beta of 0.38.

About Rockfire Resources

Rockfire Resources plc is a progressive copper and gold exploration company with a strong growth strategy. The Company has a goal of delineating significant copper and gold resources to move its projects towards feasibility and development.

Our three projects in Queensland, Australia are actively being explored and Rockfire is achieving success through exploration.