Robex Resources (CVE:RBX) Reaches New 52-Week High - Should You Buy?

Key Points

• Robex Resources Inc. achieved a new 52-week high, trading at C$3.62 with a last reported price of C$3.50.
• The company has a market capitalization of C$776.80 million and operates gold production projects in West Africa, including the Nampala mining permit in Mali.
• Robex Resources currently has a PE ratio of -26.57, indicating a potential challenge in profitability, alongside a low debt-to-equity ratio of 15.70.

Shares of Robex Resources Inc. (CVE:RBX - ) hit a new 52-week high on Tuesday . The company traded as high as C$3.62 and last traded at C$3.50, with a volume of 77924 shares. The stock had previously closed at C$3.34.

Robex Resources Price Performance

The firm has a market cap of C$776.80 million, a PE ratio of -26.57 and a beta of -0.69. The company has a quick ratio of 1.14, a current ratio of 0.88 and a debt-to-equity ratio of 15.70. The stock has a 50 day moving average price of C$3.30 and a two-hundred day moving average price of C$3.12.

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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