Robex Resources (CVE:RBX) Hits New 12-Month High – Still a Buy?

Robex Resources Inc. (CVE:RBX)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.06 and last traded at C$3.03, with a volume of 8567 shares changing hands. The stock had previously closed at C$2.87.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$3.75 price target on Robex Resources and gave the company a “speculative buy” rating in a research report on Wednesday, December 11th.

Robex Resources Stock Performance

The company has a debt-to-equity ratio of 15.70, a current ratio of 0.88 and a quick ratio of 1.14. The company’s fifty day moving average price is C$2.59 and its 200 day moving average price is C$2.55. The company has a market cap of C$416.06 million and a PE ratio of -14.40.

Robex Resources Company Profile

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.