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

Royal Road Minerals Limited (CVE:RYR) shot up 10% during mid-day trading on Saturday . The company traded as high as C$0.13 and last traded at C$0.11. 247,000 shares traded hands during 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 current ratio of 33.33 and a quick ratio of 15.97. The stock has a market capitalization of C$29.23 million, a P/E ratio of -1.83 and a beta of 1.18. The business’s 50 day moving average price is C$0.10 and its 200 day moving average price is 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.