Red Rock Resources (LON:RRR) Stock Passes Below 200 Day Moving Average – Here’s Why

by · The Markets Daily

Red Rock Resources Plc (LON:RRR – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.03 and traded as low as GBX 0.03. Red Rock Resources shares last traded at GBX 0.03, with a volume of 4,313,617 shares.

Red Rock Resources Price Performance

The firm has a market cap of £2.31 million, a PE ratio of -0.36 and a beta of 1.60. The company has a debt-to-equity ratio of 20.07, a current ratio of 0.20 and a quick ratio of 0.08. The business’s fifty day moving average is GBX 0.03 and its 200-day moving average is GBX 0.03.

Red Rock Resources (LON:RRR – Get Free Report) last released its earnings results on Monday, December 22nd. The company reported GBX (0.07) earnings per share for the quarter.

About Red Rock Resources

(Get Free Report)

Red Rock Resources Plc engages in the production and exploration of natural resources assets in the South Africa, Kenya, Democratic Republic of Congo, Australia, and internationally. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties. It holds a 100% economic interest in the Migori Gold project located in Kenya. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.

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