VR Resources (CVE:VRR) Shares Down 19% – Here’s What Happened

VR Resources Ltd. (CVE:VRR)’s share price was down 19% during mid-day trading on Friday . The stock traded as low as C$0.32 and last traded at C$0.32. Approximately 133,000 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 109,106 shares. The stock had previously closed at C$0.40.

VR Resources Price Performance

The stock has a market cap of C$5.47 million, a P/E ratio of -4.10 and a beta of -1.16. The company has a fifty day moving average of C$0.13 and a 200 day moving average of C$0.06.

About VR Resources

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, silver, gold, and diamond deposits. The company's principal properties include 100% owned Northway property consisting of 284 claims; and Hecla-Kilmer REE critical metals comprising 224 mineral claims in one contiguous block covering an area of 4,618 hectares located in northern Ontario, Canada.