Rockfire Resources (LON:ROCK) Sets New 12-Month Low – Should You Sell?

Rockfire Resources plc (LON:ROCK) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.10 and last traded at GBX 0.11, with a volume of 138743750 shares trading hands. The stock had previously closed at GBX 0.10.

Rockfire Resources Stock Performance

The business has a fifty day moving average of GBX 0.12 and a two-hundred day moving average of GBX 0.14. The firm has a market cap of £10.06 million, a price-to-earnings ratio of -3.83 and a beta of 0.38.

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.