Royal Road Minerals (CVE:RYR) Trading 15.4% Higher – Here’s Why

Royal Road Minerals Limited (CVE:RYR) shares rose 15.4% during mid-day trading on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 490,500 shares were traded during trading, an increase of 768% from the average daily volume of 56,540 shares. The stock had previously closed at C$0.13.

Royal Road Minerals Trading Up 15.4%

The company has a debt-to-equity ratio of 0.52, a current ratio of 33.33 and a quick ratio of 15.97. The business’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.11. The stock has a market cap of C$39.86 million, a price-to-earnings ratio of -2.50 and a beta of 1.18.

About Royal Road Minerals

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.