Royal Road Minerals (CVE:RYR) Shares Down 8.7% – Here’s Why

Royal Road Minerals Limited (CVE:RYRGet Free Report) fell 8.7% during mid-day trading on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. 10,000 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 56,954 shares. The stock had previously closed at C$0.12.

Royal Road Minerals Stock Down 8.7 %

The company has a debt-to-equity ratio of 0.52, a quick ratio of 15.97 and a current ratio of 33.33. The firm’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.11. The company has a market capitalization of C$27.90 million, a price-to-earnings ratio of -1.75 and a beta of 1.18.

Royal Road Minerals Company Profile

(Get Free Report)

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.

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