Royal Road Minerals (CVE:RYR) Shares Up 40.6% - What's Next?

Key Points

• Royal Road Minerals Limited saw a significant stock increase of 40.6%, closing at C$0.23 after trading as high as C$0.24.
• The trading volume surged to 1,528,303 shares, marking a 253% increase compared to the average session volume.
• The company's market capitalization is approximately C$59.78 million, with a current ratio of 33.33 indicating strong liquidity.

Royal Road Minerals Limited (CVE:RYR - ) shot up 40.6% on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.23. 1,528,303 shares changed hands during 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 Stock Up 40.6%

The company has a 50 day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.12. The company has a quick ratio of 15.97, a current ratio of 33.33 and a debt-to-equity ratio of 0.52. The company has a market capitalization of C$59.78 million, a P/E ratio of -11.25 and a beta of 0.36.

Royal Road Minerals Company Profile

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.

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.