Red Rock Resources (LON:RRR) Trading Down 20% – Here’s Why

Red Rock Resources Plc (LON:RRR)’s stock price was down 20% during trading on Monday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 164,816,328 shares were traded during trading, an increase of 236% from the average session volume of 49,036,027 shares. The stock had previously closed at GBX 0.03.

Red Rock Resources Trading Down 20.0%

The stock has a market capitalization of £1.92 million, a PE ratio of -0.33 and a beta of 1.60. The company has a debt-to-equity ratio of 20.07, a current ratio of 0.20 and a quick ratio of 0.08. The company’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.02.

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