Robex Resources (CVE:RBX) PT Set at C$3.75 by Canaccord Genuity Group

Robex Resources (CVE:RBX) has been assigned a C$3.75 target price by equities research analysts at Canaccord Genuity Group in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 66.67% from the company’s current price.

Robex Resources Stock Performance

CVE:RBX traded up C$0.13 during mid-day trading on Wednesday, reaching C$2.25. 22,000 shares of the company’s stock were exchanged, compared to its average volume of 22,736. Robex Resources has a one year low of C$1.15 and a one year high of C$3.00. The firm has a market capitalization of C$339.41 million and a PE ratio of -4.25. The business’s fifty day simple moving average is C$2.50 and its two-hundred day simple moving average is C$2.65. The company has a debt-to-equity ratio of 17.79, a quick ratio of 1.14 and a current ratio of 0.92.

Robex Resources Company Profile

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.