Royal Road Minerals (CVE:RYR) Stock Price Up 40.6% - Here's What Happened

Key Points

• Royal Road Minerals Limited's stock price surged 40.6% on Wednesday, reaching a trade high of C$0.24 before closing at C$0.23.
• The trading volume increased significantly, with approximately 1.53 million shares changing hands, marking a 253% rise from the average daily volume.
• The company, listed on the TSX Venture Exchange under the ticker RYR, specializes in the exploration and development of copper and gold deposits with an emphasis on minimizing environmental impact.

Shares of Royal Road Minerals Limited (CVE:RYR - ) rose 40.6% during mid-day trading on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.23. Approximately 1,528,303 shares changed hands 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 stock has a market capitalization of C$59.78 million, a price-to-earnings ratio of -11.25 and a beta of 0.36. The company has a current ratio of 33.33, a quick ratio of 15.97 and a debt-to-equity ratio of 0.52. The stock's 50 day moving average is C$0.13 and its two-hundred day moving average is 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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