VR Resources (CVE:VRR) Trading 28.1% Higher – Still a Buy?

VR Resources Ltd. (CVE:VRR) rose 28.1% during trading on Friday . The stock traded as high as C$0.42 and last traded at C$0.41. Approximately 157,500 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 110,719 shares. The stock had previously closed at C$0.32.

VR Resources Price Performance

The firm’s 50 day moving average price is C$0.13 and its 200-day moving average price is C$0.06. The firm has a market cap of C$5.47 million, a price-to-earnings ratio of -4.10 and a beta of -1.16.

VR Resources Company Profile

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, silver, gold, and diamond deposits. The company's principal properties include 100% owned Northway property consisting of 284 claims; and Hecla-Kilmer REE critical metals comprising 224 mineral claims in one contiguous block covering an area of 4,618 hectares located in northern Ontario, Canada.