Rockfire Resources (LON:ROCK) Shares Down 8.1% – Should You Sell?

Rockfire Resources plc (LON:ROCK) was down 8.1% during mid-day trading on Friday . The company traded as low as GBX 0.17 and last traded at GBX 0.17. Approximately 23,345,135 shares traded hands during trading, a decline of 89% from the average daily volume of 210,409,672 shares. The stock had previously closed at GBX 0.19.

Rockfire Resources Stock Performance

The stock has a 50 day moving average of GBX 0.15 and a 200-day moving average of GBX 0.17. The firm has a market capitalization of £12.44 million, a P/E ratio of -3.94 and a beta of 0.38.

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