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

Key Points

• Royal Road Minerals experienced a significant increase in its stock price, rising 40.6% during trading, reaching a high of C$0.24 before closing at C$0.23.
• Trading volume surged by 253% compared to its average daily volume, with approximately 1.5 million shares traded.
• The company operates in mineral exploration and development, focusing on creating environmentally sustainable copper and gold deposits, with a current market cap of C$59.78 million.

Royal Road Minerals Limited (CVE:RYR - )'s share price rose 40.6% during 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 Trading Up 40.6%

The company has a debt-to-equity ratio of 0.52, a current ratio of 33.33 and a quick ratio of 15.97. The company has a market cap of C$59.78 million, a price-to-earnings ratio of -11.25 and a beta of 0.36. The business has a 50 day simple moving average of C$0.13 and a 200 day simple moving average 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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