Robex Resources (CVE:RBX) Sets New 12-Month High - Should You 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 - ) shares hit a new 52-week high on Monday . The company traded as high as C$3.73 and last traded at C$3.71, with a volume of 41661 shares trading hands. The stock had previously closed at C$3.61.

Robex Resources Trading Up 2.2%

The business's 50-day moving average is C$3.32 and its two-hundred day moving average is C$3.15. 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 market capitalization of C$805.17 million, a PE ratio of -27.54 and a beta of -0.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.