Rockfire Resources (LON:ROCK) Trading Up 14.4% – Still a Buy?

Rockfire Resources plc (LON:ROCK)’s share price traded up 14.4% on Wednesday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). 122,046,266 shares changed hands during mid-day trading, an increase of 110% from the average session volume of 58,214,223 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Price Performance

The stock has a market capitalization of £5.65 million, a price-to-earnings ratio of -2.20 and a beta of 0.38. The business’s fifty day moving average price is GBX 0.14 and its 200-day moving average price is GBX 0.15.

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.