Redzone Resources (CVE:REZ) Shares Up 10% – Should You Buy?

Redzone Resources Ltd (CVE:REZGet Free Report)’s stock price shot up 10% during trading on Tuesday . The company traded as high as C$0.11 and last traded at C$0.11. 10,000 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 29,926 shares. The stock had previously closed at C$0.10.

Redzone Resources Price Performance

The firm has a market capitalization of C$2.83 million and a price-to-earnings ratio of -2.00. The business’s fifty day simple moving average is C$0.11 and its 200 day simple moving average is C$0.11.

Redzone Resources Company Profile

(Get Free Report)

Redzone Resources Ltd. engages in the acquisition, exploration, and development of mineral properties. The company holds a 55% interest in the Lara Socos porphyry copper molybdenum property consisting of three mineral concessions covering an area of 1,800 hectares located on the southern coast of Peru.

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