Royal Road Minerals (CVE:RYR) Shares Up 40.6% - Here's Why

Key Points

• Royal Road Minerals shares surged by 40.6%, reaching a high of C$0.24 during trading, significantly increasing trading volume to 1.5 million shares.
• The company has a market capitalization of C$59.78 million and notable financial ratios including a PE ratio of -11.25 and a debt-to-equity ratio of 0.52.
• Royal Road Minerals is focused on discovering and developing copper and gold deposits with minimal environmental impact, headquartered in Jersey, Channel Islands, and traded on the TSX Venture Exchange under ticker RYR.

Royal Road Minerals Limited (CVE:RYR - ) shares shot up 40.6% during trading on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.23. 1,528,303 shares were traded during mid-day trading, an increase of 253% from the average session volume of 433,222 shares. The stock had previously closed at C$0.16.

Royal Road Minerals Trading Up 40.6%

The company has a market cap of C$59.78 million, a PE ratio of -11.25 and a beta of 0.36. 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 50-day moving average of C$0.13 and a 200 day moving average of C$0.12.

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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