Royal Road Minerals (CVE:RYR) Trading 4.5% Higher – Still a Buy?

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

Royal Road Minerals Stock Down 8.7 %

The stock has a 50 day moving average price of C$0.10 and a 200 day moving average price of 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. The company has a market capitalization of C$27.90 million, a P/E ratio of -1.75 and a beta of 1.18.

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.