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

Key Points

• Royal Road Minerals shares surged by 40.6% during trading on Tuesday, reaching a high of C$0.24, compared to the previous close of C$0.16.
• The trading volume increased by 253%, with over 1.5 million shares exchanged, significantly higher than the average session volume of 433,222 shares.
• Royal Road Minerals specializes in mineral exploration and development, focusing on creating environmentally sustainable copper and gold deposits.

Shares of Royal Road Minerals Limited (CVE:RYR - ) traded up 40.6% during trading on Tuesday . The company traded as high as C$0.24 and last traded at C$0.23. 1,528,303 shares were traded during mid-day trading, an increase of 253% from the average session volume of 433,222 shares. The stock had previously closed at C$0.16.

Royal Road Minerals Stock Up 40.6%

The business's 50 day moving average is C$0.13 and its 200 day moving average is C$0.12. The company 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 debt-to-equity ratio of 0.52, a quick ratio of 15.97 and a current ratio of 33.33.

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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