Red Rock Resources (LON:RRR) Shares Down 12% – Should You Sell?

Red Rock Resources Plc (LON:RRR) shares dropped 12% on Thursday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 75,090,391 shares were traded during trading, an increase of 64% from the average daily volume of 45,782,535 shares. The stock had previously closed at GBX 0.03.

Red Rock Resources Stock Performance

The company has a current ratio of 0.20, a quick ratio of 0.08 and a debt-to-equity ratio of 20.07. The business’s 50 day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.02. The company has a market cap of £2.11 million, a PE ratio of -0.37 and a beta of 1.60.

Red Rock Resources (LON:RRR) last released its earnings results on Wednesday, April 1st. The company reported GBX (0.02) earnings per share for the quarter.

Red Rock Resources Company Profile

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.