Royal Road Minerals (CVE:RYR) Trading 10% Higher – Here’s What Happened

Royal Road Minerals Limited (CVE:RYR)’s stock price shot up 10% during mid-day trading on Friday . The company traded as high as C$0.13 and last traded at C$0.11. 247,000 shares were traded during mid-day trading, an increase of 244% from the average session volume of 71,720 shares. The stock had previously closed at C$0.10.

Royal Road Minerals Price Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 15.97 and a current ratio of 33.33. The company has a market cap of C$29.23 million, a price-to-earnings ratio of -1.83 and a beta of 1.18. The business has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.10.

Royal Road Minerals Company Profile

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.