Robex Resources (CVE:RBX) Trading 0.4% Higher – Here’s Why

Robex Resources Inc. (CVE:RBXGet Free Report)’s share price shot up 0.4% during mid-day trading on Thursday . The company traded as high as C$2.58 and last traded at C$2.58. 5,449 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 23,387 shares. The stock had previously closed at C$2.57.

Robex Resources Stock Performance

The firm’s 50 day moving average is C$2.68 and its 200 day moving average is C$2.71. The company has a debt-to-equity ratio of 17.79, a quick ratio of 1.14 and a current ratio of 0.92. The stock has a market cap of C$386.18 million and a P/E ratio of -4.83.

Robex Resources (CVE:RBXGet Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported C$0.05 earnings per share for the quarter. Robex Resources had a negative return on equity of 25.48% and a negative net margin of 32.07%. The firm had revenue of C$39.32 million during the quarter.

Robex Resources Company Profile

(Get Free Report)

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.

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