Rockfire Resources (LON:ROCK) Shares Down 14.1% – Here’s What Happened

Shares of Rockfire Resources plc (LON:ROCK) fell 14.1% on Tuesday . The company traded as low as GBX 0.11 and last traded at GBX 0.11. 14,469,009 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 103,939,594 shares. The stock had previously closed at GBX 0.13.

Rockfire Resources Stock Up 1.6%

The firm’s 50 day simple moving average is GBX 0.15 and its 200 day simple moving average is GBX 0.16. The company has a market capitalization of £11.38 million, a PE ratio of -2.60 and a beta of 0.38.

About Rockfire Resources

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.