Rockfire Resources (LON:ROCK) Shares Down 7.5% – Time to Sell?

Rockfire Resources plc (LON:ROCK) shares fell 7.5% during trading on Monday . The stock traded as low as GBX 0.16 and last traded at GBX 0.16. Approximately 106,887,648 shares were traded during trading, a decline of 43% from the average session volume of 188,843,563 shares. The stock had previously closed at GBX 0.17.

Rockfire Resources Stock Performance

The firm has a market capitalization of £10.10 million, a PE ratio of -3.20 and a beta of 0.38. The company has a fifty day simple moving average of GBX 0.15 and a two-hundred day simple moving average of GBX 0.16.

Rockfire Resources Company Profile

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. Concurrently, the Company is examining opportunities to acquire new, highly-prospective copper/gold projects worldwide.