Royal Road Minerals (CVE:RYR) Trading 31.3% Higher - Here's Why

Key Points

• Royal Road Minerals stock surged 31.3% on Tuesday, reaching a high of C$0.24 and last trading at C$0.21.
• The company's trading volume saw a significant increase of 163%, with around 1.13 million shares traded compared to its average daily volume of 429,474 shares.
• Royal Road Minerals, which is focused on mineral exploration and development, has a market capitalization of C$58.45 million and a debt-to-equity ratio of 0.52.

Royal Road Minerals Limited (CVE:RYR - ) was up 31.3% on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.21. Approximately 1,127,855 shares were traded during trading, an increase of 163% from the average daily volume of 429,474 shares. The stock had previously closed at C$0.16.

Royal Road Minerals Stock Up 37.5%

The company has a market capitalization of C$58.45 million, a PE ratio of -11.00 and a beta of 0.36. 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 50-day moving average of C$0.13 and a two-hundred day 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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