Rockfire Resources (LON:ROCK) Shares Climb 9.4% – Should You Buy?

Rockfire Resources plc (LON:ROCK – Get Free Report) was up 9.4% during mid-day trading on Friday. The stock traded as high as GBX 0.16 and last traded at GBX 0.15. Approximately 282,735,500 shares changed hands during trading, an increase of 151% from the average daily volume of 112,713,531 shares. The stock had previously closed at GBX 0.14.

Rockfire Resources Price Performance

The stock has a 50 day moving average price of GBX 0.13 and a 200-day moving average price of GBX 0.14. The stock has a market capitalization of £16.17 million, a P/E ratio of -5.03 and a beta of 0.38.

Rockfire Resources (LON:ROCK – Get Free Report) last released its earnings results on Monday, September 28th. The company reported GBX (0.01) earnings per share for the quarter.

Rockfire Resources Company Profile

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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.

Further Reading

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