Robex Resources (CVE:RBX) Hits New 12-Month High - Time to Buy?

Key Points

• Robex Resources Inc. shares reached a new 52-week high of C$4.70 during trading, marking an increase of 5.3% from the previous close.
• The company has a market capitalization of C$1.05 billion and operates in the gold production sector in West Africa, notably the Nampala mining permit in Mali.
• Robex Resources has a debt-to-equity ratio of 15.70 and a negative price-to-earnings ratio of -35.82, indicating financial risks that potential investors may want to consider.

Robex Resources Inc. (CVE:RBX - )'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$4.70 and last traded at C$4.70, with a volume of 36920 shares trading hands. The stock had previously closed at C$4.56.

Robex Resources Trading Up 5.3%

The company has a debt-to-equity ratio of 15.70, a quick ratio of 1.14 and a current ratio of 0.88. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -35.82 and a beta of -0.68. The business's 50-day simple moving average is C$3.68 and its 200-day simple moving average is C$3.38.

Robex Resources Company Profile

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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