Rockfire Resources (LON:ROCK) Shares Up 14.4% – Still a Buy?

Rockfire Resources plc (LON:ROCK) shot up 14.4% during mid-day trading on Wednesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). 122,046,266 shares were traded during trading, an increase of 110% from the average session volume of 58,214,223 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Price Performance

The stock’s 50 day moving average is GBX 0.14 and its 200-day moving average is GBX 0.15. The company has a market capitalization of £6.12 million, a P/E ratio of -2.20 and a beta of 0.38.

About Rockfire Resources

Rockfire Resources plc is a progressive copper and gold exploration company with a strong growth strategy. The Company has a goal of delineating significant copper and gold resources to move its projects towards feasibility and development.

Our three projects in Queensland, Australia are actively being explored and Rockfire is achieving success through exploration.