Rockfire Resources (LON:ROCK) Stock Price Down 12.5% – Time to Sell?

Rockfire Resources plc (LON:ROCK) shares traded down 12.5% during mid-day trading on Tuesday . The stock traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.18 ($0.00). 291,886,031 shares were traded during trading, an increase of 425% from the average session volume of 55,611,773 shares. The stock had previously closed at GBX 0.20 ($0.00).

Rockfire Resources Price Performance

The stock’s 50-day simple moving average is GBX 0.11 and its two-hundred day simple moving average is GBX 0.10. The firm has a market cap of £11.71 million, a P/E ratio of -272.86 and a beta of 0.38.

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.