Rockfire Resources (LON:ROCK) Trading 3.7% Higher – Should You Buy?

Rockfire Resources plc (LON:ROCK) traded up 3.7% during trading on Wednesday . The company traded as high as GBX 0.22 and last traded at GBX 0.20. 87,457,922 shares were traded during mid-day trading, a decline of 53% from the average session volume of 184,396,234 shares. The stock had previously closed at GBX 0.19.

Rockfire Resources Stock Down 4.0%

The business’s 50-day simple moving average is GBX 0.17 and its two-hundred day simple moving average is GBX 0.18. The firm has a market capitalization of £16.78 million, a price-to-earnings ratio of -3.84 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.