Royal Road Minerals (CVE:RYR) Shares Up 10% – Still a Buy?

Royal Road Minerals Limited (CVE:RYR)’s stock price rose 10% on Friday . The company traded as high as C$0.13 and last traded at C$0.11. Approximately 247,000 shares traded hands during mid-day trading, an increase of 244% from the average daily volume of 71,720 shares. The stock had previously closed at C$0.10.

Royal Road Minerals Trading Up 10.0 %

The business’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 15.97 and a current ratio of 33.33. The company has a market capitalization of C$29.23 million, a price-to-earnings ratio of -1.83 and a beta of 1.18.

Royal Road Minerals Company Profile

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.