Rockfire Resources (LON:ROCK) Sets New 1-Year Low – Time to Sell?

Rockfire Resources plc (LON:ROCK) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.10 and last traded at GBX 0.10, with a volume of 112489859 shares traded. The stock had previously closed at GBX 0.11.

Rockfire Resources Price Performance

The stock has a 50 day simple moving average of GBX 0.11 and a 200-day simple moving average of GBX 0.13. The firm has a market cap of £11.20 million, a PE ratio of -3.50 and a beta of 0.38.

About Rockfire Resources

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. Concurrently, the Company is examining opportunities to acquire new, highly-prospective copper/gold projects worldwide.