Royal Road Minerals (CVE:RYR) Shares Up 15% – Here’s Why

Shares of Royal Road Minerals Limited (CVE:RYR) rose 15% during trading on Friday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 169,500 shares were traded during mid-day trading, an increase of 147% from the average daily volume of 68,538 shares. The stock had previously closed at C$0.10.

Royal Road Minerals Stock Up 10.0 %

The stock’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.10. The company has a current ratio of 33.33, a quick ratio of 15.97 and a debt-to-equity ratio of 0.52. The stock has a market cap of C$29.23 million, a P/E ratio of -1.83 and a beta of 1.18.

About Royal Road Minerals

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.