Rockfire Resources (LON:ROCK) Stock Price Down 8.2% – Should You Sell?

Shares of Rockfire Resources plc (LON:ROCK) dropped 8.2% during trading on Monday . The company traded as low as GBX 0.12 and last traded at GBX 0.12. Approximately 70,155,773 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 108,304,883 shares. The stock had previously closed at GBX 0.13.

Rockfire Resources Stock Down 8.2%

The company has a 50 day moving average price of GBX 0.16 and a 200-day moving average price of GBX 0.16. The company has a market cap of £10.76 million, a price-to-earnings ratio of -2.46 and a beta of 0.38.

Rockfire Resources Company Profile

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.