Rugby Resources (CVE:RUG) Trading 25% Higher – Here’s What Happened

Rugby Resources Ltd. (CVE:RUG)’s share price rose 25% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 151,000 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 229,500 shares. The stock had previously closed at C$0.02.

Rugby Resources Price Performance

The company has a quick ratio of 2.57, a current ratio of 0.86 and a debt-to-equity ratio of 6.04. The stock’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04. The firm has a market cap of C$6.33 million, a price-to-earnings ratio of -2.00 and a beta of 1.89.

About Rugby Resources

Rugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising various exploration permits totaling 849 square kilometers located in North Queensland, Australia.