Rockfire Resources (LON:ROCK) Trading Up 8.3% – Should You Buy?

Rockfire Resources plc (LON:ROCK) shares were up 8.3% on Wednesday . The stock traded as high as GBX 0.13 and last traded at GBX 0.13. Approximately 14,745,755 shares traded hands during trading, a decline of 86% from the average daily volume of 103,061,055 shares. The stock had previously closed at GBX 0.12.

Rockfire Resources Price Performance

The firm’s 50 day moving average is GBX 0.15 and its two-hundred day moving average is GBX 0.16. The firm has a market capitalization of £11.46 million, a P/E ratio of -2.62 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.