Rockfire Resources (LON:ROCK) Stock Jumps 11.1% – Still a Buy?

Rockfire Resources plc (LON:ROCK – Get Free Report) shares shot up 11.1% on Tuesday. The stock traded as high as GBX 0.17 and last traded at GBX 0.15. 394,149,313 shares changed hands during trading, an increase of 296% from the average daily volume of 99,654,922 shares. The stock had previously closed at GBX 0.14.

Rockfire Resources Price Performance

The stock’s fifty day simple moving average is GBX 0.12 and its 200-day simple moving average is GBX 0.13. The stock has a market cap of £17.13 million, a P/E ratio of -5.33 and a beta of 0.38.

Rockfire Resources (LON:ROCK – Get Free Report) last posted its earnings results on Monday, September 28th. The company reported GBX (0.01) EPS for the quarter.

About Rockfire Resources

(Get Free Report)

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.

Further Reading

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