Red Rock Resources (LON:RRR) Shares Up 10% – Still a Buy?

Red Rock Resources Plc (LON:RRR) traded up 10% during mid-day trading on Wednesday. The company traded as high as GBX 0.01 and last traded at GBX 0.01. Approximately 416,267,563 shares traded hands during trading, an increase of 627% from the average daily volume of 57,287,676 shares. The stock had previously closed at GBX 0.01.

Red Rock Resources Stock Performance

The firm has a market cap of £1.27 million, a price-to-earnings ratio of -0.18 and a beta of 1.60. The company has a quick ratio of 0.08, a current ratio of 0.20 and a debt-to-equity ratio of 20.07. The company has a 50 day moving average of GBX 0.02 and a 200 day moving average of GBX 0.02.

About Red Rock Resources

Red Rock Resources Plc engages in the production and exploration of natural resources assets in the South Africa, Kenya, Democratic Republic of Congo, Australia, and internationally. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties. It holds a 100% economic interest in the Migori Gold project located in Kenya. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.