Rockfire Resources (LON:ROCK) Stock Jumps 13.8% – Time to Buy?

Rockfire Resources plc (LON:ROCK – Get Free Report) traded up 13.8% during trading on Monday. The stock traded as high as GBX 0.19 and last traded at GBX 0.18. 437,314,344 shares traded hands during mid-day trading, an increase of 315% from the average session volume of 105,379,617 shares. The stock had previously closed at GBX 0.16.

Rockfire Resources Stock Down 2.9%

The firm’s 50 day simple moving average is GBX 0.12 and its 200 day simple moving average is GBX 0.13. The company has a market cap of £17.66 million, a price-to-earnings ratio of -5.50 and a beta of 0.38.

Rockfire Resources (LON:ROCK – Get Free Report) last released its quarterly earnings results on Monday, September 28th. The company reported GBX (0.01) earnings per share for the quarter.

About Rockfire Resources

(Get Free Report)

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.

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