Royal Road Minerals (CVE:RYR) Shares Up 40.6% - Still a Buy?

Key Points

• Royal Road Minerals shares surged 40.6%, reaching a trading high of C$0.24, marking a significant increase from its previous close of C$0.16.
• The stock's trading volume increased by 253% compared to its average daily volume, with approximately 1.5 million shares traded.
• The company has a market cap of C$59.78 million and operates with a quick ratio of 15.97, indicating strong liquidity.

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

Royal Road Minerals Stock Performance

The firm has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.12. The stock 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 quick ratio of 15.97, a current ratio of 33.33 and a debt-to-equity ratio of 0.52.

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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