Rockfire Resources (LON:ROCK) Shares Up 16.3% – Time to Buy?

Rockfire Resources plc (LON:ROCK)’s share price rose 16.3% during mid-day trading on Wednesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 103,931,781 shares traded hands during mid-day trading, an increase of 90% from the average daily volume of 54,591,324 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Trading Up 14.4 %

The stock has a 50-day simple moving average of GBX 0.14 and a 200 day simple moving average of GBX 0.15. The stock has a market capitalization of £5.65 million, a price-to-earnings ratio of -2.20 and a beta of 0.38.

Rockfire Resources Company Profile

Rockfire Resources plc is a progressive copper and gold exploration company with a strong growth strategy. The Company has a goal of delineating significant copper and gold resources to move its projects towards feasibility and development.

Our three projects in Queensland, Australia are actively being explored and Rockfire is achieving success through exploration.