Red Rock Resources (LON:RRR) Trading Down 8% – Time to Sell?

Red Rock Resources Plc (LON:RRR) traded down 8% during mid-day trading on Thursday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 23,745,818 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 44,361,773 shares. The stock had previously closed at GBX 0.03.

Red Rock Resources Stock Performance

The company has a market cap of £2.13 million, a PE ratio of -0.33 and a beta of 1.60. The company has a current ratio of 0.20, a quick ratio of 0.08 and a debt-to-equity ratio of 20.07. The business’s 50 day moving average is GBX 0.03 and its two-hundred day moving average is GBX 0.03.

Red Rock Resources (LON:RRR) last issued its quarterly earnings results on Monday, December 22nd. The company reported GBX (0.07) earnings per share (EPS) for the quarter.

Red Rock Resources Company Profile

Red Rock Resources Plc engages in the production and exploration of natural resources assets in the South Africa, Kenya, Democratic Republic of Congo, Australia, and internationally. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties. It holds a 100% economic interest in the Migori Gold project located in Kenya. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.