Royal Nickel (TSE:RNX) Shares Pass Below 200 Day Moving Average of $0.47
Shares of Royal Nickel Corp (TSE:RNX) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.47 and traded as low as $0.34. Royal Nickel shares last traded at $0.35, with a volume of 352,189 shares.
The stock’s 50-day moving average is C$0.39 and its 200-day moving average is C$0.47. The firm has a market cap of $210.78 million and a P/E ratio of -10.97. The company has a quick ratio of 0.31, a current ratio of 0.83 and a debt-to-equity ratio of 59.79.
Royal Nickel (TSE:RNX) last announced its earnings results on Wednesday, August 14th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$17.25 million for the quarter. As a group, analysts expect that Royal Nickel Corp will post 0.0710145 EPS for the current fiscal year.
RNC Minerals, a mineral resource company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties primarily in Canada. The company explores for nickel, copper, cobalt, gold, and precious metal deposits. Its principal properties are the Beta Hunt mine located in Kambalda, Western Australia; and the Dumont Nickel-Cobalt project with 233 contiguous mineral claims covering an area of 9,306.5 hectares located in the Abitibi mining camp, Quebec, as well as the Reed mine located in the Flin Flon, Manitoba.
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