Red Rock Resources (LON:RRR) Shares Down 9.5% – Here’s Why

Red Rock Resources Plc (LON:RRR) shares dropped 9.5% during trading on Thursday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. 105,388,172 shares traded hands during trading, an increase of 154% from the average daily volume of 41,534,547 shares. The stock had previously closed at GBX 0.02.

Red Rock Resources Trading Down 9.5%

The company has a quick ratio of 0.08, a current ratio of 0.20 and a debt-to-equity ratio of 20.07. The firm has a market capitalization of £1.84 million, a P/E ratio of -0.32 and a beta of 1.60. The firm has a 50 day moving average of GBX 0.02 and a 200-day moving average of GBX 0.02.

About Red Rock Resources

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.