Rockfire Resources (LON:ROCK) Shares Up 14.4% – Should You Buy?

Rockfire Resources plc (LON:ROCK)’s stock price shot up 14.4% during trading on Wednesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). 122,046,266 shares traded hands during mid-day trading, an increase of 110% from the average session volume of 58,214,223 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Price Performance

The company’s 50-day moving average price is GBX 0.14 and its two-hundred day moving average price is GBX 0.15. The company has a market capitalization of £5.65 million, a P/E 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.