VR Resources (CVE:VRR) Shares Up 11.1% – Still a Buy?

VR Resources Ltd. (CVE:VRR) rose 11.1% on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 95,502 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 89,272 shares. The stock had previously closed at C$0.23.

VR Resources Trading Up 20.0%

The company has a market capitalization of C$3.60 million, a P/E ratio of -2.70 and a beta of -1.29. The firm’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02.

About VR Resources

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.