Royal Road Minerals (CVE:RYR) Stock Price Up 37.5% - Here's What Happened

Key Points

• Royal Road Minerals shares surged by 37.5% on a recent trading day, closing at C$0.22 after reaching a high of C$0.24.
• The trading volume increased significantly, with approximately 1.38 million shares changing hands, marking a 219% rise compared to the average daily volume.
• The company exhibits a strong liquidity profile, reflected in its quick ratio of 15.97 and a current ratio of 33.33.

Shares of Royal Road Minerals Limited (CVE:RYR - ) rose 37.5% on Tuesday . The company traded as high as C$0.24 and last traded at C$0.22. Approximately 1,376,303 shares were traded during trading, an increase of 219% from the average daily volume of 431,848 shares. The stock had previously closed at C$0.16.

Royal Road Minerals Trading Up 40.6%

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