Royal Road Minerals (CVE:RYR) Shares Up 10% - Here's Why

Key Points

• Shares jumped 10% mid-day to C$0.22 from a C$0.20 close, but volume was thin at 13,500 shares—about an 89% drop from the average session volume of 124,811.
• The company has a market capitalization of C$64.56 million, a negative P/E of -7.33, a debt-to-equity ratio of 0.52, and very high liquidity ratios (current ratio 33.33, quick ratio 15.97).
• Royal Road Minerals is a Jersey-based mineral exploration firm focused on large-scale copper and gold deposits, listed on the TSX Venture Exchange (RYR) and the Frankfurt Exchange (RLU).

Royal Road Minerals Limited (CVE:RYR - ) shot up 10% during mid-day trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. 13,500 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 124,811 shares. The stock had previously closed at C$0.20.

Royal Road Minerals Stock Up 10.0%

The company has a debt-to-equity ratio of 0.52, a current ratio of 33.33 and a quick ratio of 15.97. The company has a market capitalization of C$64.56 million, a P/E ratio of -7.33 and a beta of 1.19. The company has a 50 day moving average of C$0.21 and a 200-day moving average of C$0.20.

About Royal Road Minerals

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.

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