Red River Resources (ASX:RVR) Trading Down 6.3%

Shares of Red River Resources Limited (ASX:RVR) fell 6.3% during mid-day trading on Thursday . The company traded as low as A$0.15 ($0.11) and last traded at A$0.15 ($0.11), 396,349 shares were traded during trading. A decline of 88% from the average session volume of 3,290,000 shares. The stock had previously closed at A$0.16 ($0.11).

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 1.82. The company has a market cap of $77.06 million and a price-to-earnings ratio of 18.75. The stock’s fifty day moving average is A$0.16 and its two-hundred day moving average is A$0.18.

Red River Resources Company Profile (ASX:RVR)

Red River Resources Limited engages in the exploration and evaluation of mineral projects in Australia. It explores for zinc, copper, lead, gold, silver, and base metal deposits. The company focuses on the development of the Thalanga zinc project, which is located in the southwest of Charters Towers in Northern Queensland.

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