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

Key Points

• Royal Road Minerals (CVE:RYR) shares surged by 40.6% during mid-day trading, reaching a high of C$0.24 before closing at C$0.23.
• The company experienced a significant increase in trading volume, with 1,528,303 shares traded, marking a 253% rise from the average session volume.
• Royal Road Minerals operates with a market capitalization of C$59.78 million and maintains a quick ratio of 15.97, indicating strong liquidity.

Shares of Royal Road Minerals Limited (CVE:RYR - ) were up 40.6% during mid-day trading on Wednesday . 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 Down 2.2%

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 simple moving average is C$0.13 and its 200-day simple moving average is C$0.12. The firm has a market capitalization of C$58.45 million, a P/E ratio of -11.00 and a beta of 0.36.

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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