Royal Road Minerals (CVE:RYR) Reaches New 52-Week High – Should You Buy?

Royal Road Minerals Limited (CVE:RYR) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.28 and last traded at C$0.23, with a volume of 86905 shares traded. The stock had previously closed at C$0.20.

Royal Road Minerals Stock Up 13.2%

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 firm has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.21. The firm has a market capitalization of C$68.37 million, a price-to-earnings ratio of -11.60 and a beta of 1.17.

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.