Rokmaster Resources (CVE:RKR) Trading Down 20% – Here’s Why

Rokmaster Resources Corp. (CVE:RKR)’s share price dropped 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 161,220 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 133,610 shares. The stock had previously closed at C$0.03.

Rokmaster Resources Stock Performance

The company has a current ratio of 0.02, a quick ratio of 0.60 and a debt-to-equity ratio of 103.54. The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The company has a market capitalization of C$3.26 million, a P/E ratio of -0.40 and a beta of 2.99.

Insiders Place Their Bets

In related news, Director John Martin Mirko acquired 1,298,000 shares of Rokmaster Resources stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of C$0.03 per share, for a total transaction of C$32,450.00. Insiders have acquired 1,729,000 shares of company stock valued at $43,225 over the last quarter. Insiders own 35.50% of the company’s stock.

About Rokmaster Resources

Rokmaster Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North, Central, and South America. It explores for zinc, lead, silver, copper, gold, and polymetallic deposits, as well as precious metals. The company holds a 100% in the Duncan Lake property comprising 35 contiguous mineral claims that covers an area of 3,929 hectares; and a 55% interest in the Big Copper property located in the Slocan Mining Division in southeast British Columbia, Canada.