Royal Road Minerals (CVE:RYR) Shares Up 17.9% – Here’s Why

Royal Road Minerals Limited (CVE:RYR) was up 17.9% on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.23. 120,300 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 103,504 shares. The stock had previously closed at C$0.20.

Royal Road Minerals Price Performance

The company has a current ratio of 33.33, a quick ratio of 15.97 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.21. The stock has a market capitalization of C$60.42 million, a P/E ratio of -10.25 and a beta of 1.17.

About Royal Road Minerals

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.