Rockfire Resources (LON:ROCK) Trading 17.8% Higher – Still a Buy?
by Tristan Rich · The Markets DailyRockfire Resources plc (LON:ROCK – Get Free Report) shares traded up 17.8% on Monday . The stock traded as high as GBX 0.16 and last traded at GBX 0.16. 54,289,434 shares were traded during mid-day trading, a decline of 43% from the average session volume of 95,170,156 shares. The stock had previously closed at GBX 0.14.
Rockfire Resources Stock Up 17.8%
The stock has a market capitalization of £13.91 million, a P/E ratio of -5.30 and a beta of 0.38. The firm’s 50 day simple moving average is GBX 0.14 and its two-hundred day simple moving average is GBX 0.16.
Rockfire Resources (LON:ROCK – Get Free Report) last posted its quarterly earnings results on Friday, May 29th. The company reported GBX (0.03) earnings per share for the quarter.
Rockfire Resources Company Profile
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. Concurrently, the Company is examining opportunities to acquire new, highly-prospective copper/gold projects worldwide.