Robex Resources (CVE:RBX) Reaches New 52-Week High - Time to Buy?

Key Points

• Robex Resources Inc. shares reached a new 52-week high at C$3.73 on Monday, closing at C$3.71 with a trading volume of 41,661 shares.
• The company's market capitalization stands at C$805.17 million, with a significant debt-to-equity ratio of 15.70 indicating high leverage.
• Robex operates two main mining projects in West Africa, located in Mali and Guinea, and holds five additional exploration permits in Mali.

Robex Resources Inc. (CVE:RBX - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.73 and last traded at C$3.71, with a volume of 41661 shares traded. The stock had previously closed at C$3.61.

Robex Resources Price Performance

The firm has a market cap of C$831.35 million, a price-to-earnings ratio of -28.43 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 company's 50-day moving average price is C$3.38 and its 200-day moving average price is C$3.18.

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.