Royal Road Minerals (CVE:RYR) Stock Price Up 40.6% - Time to Buy?

Key Points

• Royal Road Minerals stock surged by 40.6% during trading, reaching a high of C$0.24, with over 1.5 million shares traded, significantly above its average volume.
• The company maintains a strong financial position with a quick ratio of 15.97 and a current ratio of 33.33, signaling robust liquidity.
• Royal Road Minerals focuses on the exploration and development of copper and gold deposits, emphasizing sustainable practices with minimal environmental impact.

Royal Road Minerals Limited (CVE:RYR - )'s stock price rose 40.6% during trading on Tuesday . The company 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 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 PE ratio of -11.25 and a beta of 0.36. The stock's fifty day simple moving average is C$0.13 and its 200-day simple moving average is C$0.12.

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.

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