Royal Road Minerals (CVE:RYR) Trading Up 40.6% - Should You Buy?

Key Points

• Royal Road Minerals shares surged by 40.6% during mid-day trading, peaking at C$0.24, with a trading volume significantly above the daily average.
• The company's market capitalization stands at C$59.78 million, with a notable debt-to-equity ratio of 0.52 and a current ratio of 33.33.
• Royal Road Minerals focuses on copper and gold exploration and development, aiming for environmentally sustainable practices in their operations.

Royal Road Minerals Limited (CVE:RYR - ) shares rose 40.6% on Tuesday . The company traded as high as C$0.24 and last traded at C$0.23. Approximately 1,528,303 shares traded hands during 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 Up 40.6%

The company has a market cap of C$59.78 million, a P/E 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. The business's fifty day moving average is C$0.13 and its two-hundred day 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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