Robex Resources (CVE:RBX) Shares Down 2.4% - Should You Sell?

Key Points

• Robex Resources Inc. (CVE:RBX) saw its shares decline by 2.4%, trading at C$3.62 after reaching a low of the same price during mid-day trading.
• The company's market capitalization is approximately C$789.89 million, with a notable P/E ratio of -27.01 and a debt-to-equity ratio of 15.70.
• Robex operates gold production and development projects in West Africa, specifically the Nampala mining permit in Mali and the Kiniero Project in Guinea.

Robex Resources Inc. (CVE:RBX - ) shares fell 2.4% during mid-day trading on Tuesday . The stock traded as low as C$3.62 and last traded at C$3.62. 44,417 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 47,765 shares. The stock had previously closed at C$3.71.

Robex Resources Stock Performance

The company has a 50 day moving average price of C$3.45 and a 200-day moving average price of C$3.24. The company has a current ratio of 0.88, a quick ratio of 1.14 and a debt-to-equity ratio of 15.70. The company has a market cap of C$789.89 million, a P/E ratio of -27.01 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.

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