Rockfire Resources (LON:ROCK) Stock Price Up 17.5% – Still a Buy?

Rockfire Resources plc (LON:ROCK) shares traded up 17.5% on Wednesday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.19 ($0.00). 111,882,766 shares changed hands during trading, an increase of 99% from the average session volume of 56,181,523 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Trading Up 14.4 %

The stock has a market cap of £5.65 million, a P/E ratio of -2.20 and a beta of 0.38. The company’s fifty day simple moving average is GBX 0.14 and its 200-day simple moving average is GBX 0.15.

About Rockfire Resources

Rockfire Resources plc is a progressive copper and gold exploration company with a strong growth strategy. The Company has a goal of delineating significant copper and gold resources to move its projects towards feasibility and development.

Our three projects in Queensland, Australia are actively being explored and Rockfire is achieving success through exploration.