Red Rock Resources (LON:RRR) Shares Cross Below 200-Day Moving Average – Here’s Why

Red Rock Resources Plc (LON:RRR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.03 and traded as low as GBX 0.03. Red Rock Resources shares last traded at GBX 0.03, with a volume of 4,660,824 shares changing hands.

Red Rock Resources Stock Performance

The business has a fifty day moving average of GBX 0.03 and a 200-day moving average of GBX 0.03. The company has a debt-to-equity ratio of 20.07, a quick ratio of 0.08 and a current ratio of 0.20. The company has a market capitalization of £2.45 million, a P/E ratio of -0.38 and a beta of 1.60.

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

About Red Rock Resources

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.