Robex Resources (CVE:RBX) Hits New 1-Year High - Still a Buy?

Key Points

• Robex Resources Inc. achieved a new 52-week high stock price of C$4.00 during trading, closing at C$3.99.
• The company has a market capitalization of C$881.54 million and operates gold production and development facilities in West Africa.
• Robex has a notable debt-to-equity ratio of 15.70, indicating significant leverage in its capital structure.

Robex Resources Inc. (CVE:RBX - )'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$4.00 and last traded at C$3.99, with a volume of 130160 shares traded. The stock had previously closed at C$3.70.

Robex Resources Trading Up 9.2%

The company's 50 day simple moving average is C$3.47 and its 200 day simple moving average is C$3.27. The firm has a market cap of C$881.54 million, a price-to-earnings ratio of -30.15 and a beta of -0.69. The company has a debt-to-equity ratio of 15.70, a current ratio of 0.88 and a quick ratio of 1.14.

About Robex Resources

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.

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