Red Rock Resources (LON:RRR) Trading 40% Higher – Here’s Why

Red Rock Resources Plc (LON:RRRGet Free Report)’s share price traded up 40% on Monday . The stock traded as high as GBX 0.03 and last traded at GBX 0.03. 230,846,547 shares were traded during mid-day trading, an increase of 451% from the average session volume of 41,914,336 shares. The stock had previously closed at GBX 0.02.

Red Rock Resources Price Performance

The company has a current ratio of 0.20, a quick ratio of 0.08 and a debt-to-equity ratio of 20.07. The company has a market cap of £2.31 million, a PE ratio of -0.42 and a beta of 1.60. The firm has a 50 day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.03.

Red Rock Resources (LON:RRRGet Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported GBX (0.02) earnings per share for the quarter.

About Red Rock Resources

(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. It holds a 100% economic interest in the Migori Gold project located in Kenya. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.

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