Royal Road Minerals (CVE:RYR) Trading Up 4.5% – Here’s Why

Royal Road Minerals Limited (CVE:RYR)’s share price shot up 4.5% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. 25,500 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 70,360 shares. The stock had previously closed at C$0.11.

Royal Road Minerals Stock Performance

The company has a market cap of C$30.56 million, a P/E ratio of -1.92 and a beta of 1.18. The business’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10. The company has a current ratio of 33.33, a quick ratio of 15.97 and a debt-to-equity ratio of 0.52.

About Royal Road Minerals

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.