Robex Resources (CVE:RBX) Shares Up 1.7% – Should You Buy?

Shares of Robex Resources Inc. (CVE:RBX) traded up 1.7% during mid-day trading on Monday . The company traded as high as C$6.31 and last traded at C$6.00. 200,883 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 127,944 shares. The stock had previously closed at C$5.90.

Robex Resources Stock Down 1.0%

The firm has a 50 day simple moving average of C$6.49 and a two-hundred day simple moving average of C$5.13. The company has a debt-to-equity ratio of 5.49, a quick ratio of 1.14 and a current ratio of 2.63. The stock has a market cap of C$1.68 billion, a P/E ratio of -9.17 and a beta of -0.16.

About Robex Resources

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. Robex Resources Inc was incorporated in 1985 and is headquartered in Québec, Canada.