Rockfire Resources (LON:ROCK) Shares Up 21.9% – Still a Buy?

Rockfire Resources plc (LON:ROCK) shares were up 21.9% on Wednesday . The stock traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.20 ($0.00). Approximately 32,433,453 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 40,291,660 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Stock Up 20.6 %

The firm’s 50-day moving average price is GBX 0.14 and its 200-day moving average price is GBX 0.15. The company has a market cap of £5.96 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.