Red Rock Resources (LON:RRR) Stock Price Down 12% – Time to Sell?

Red Rock Resources Plc (LON:RRR) traded down 12% on Thursday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 75,090,391 shares traded hands during trading, an increase of 64% from the average session volume of 45,782,535 shares. The stock had previously closed at GBX 0.03.

Red Rock Resources Stock Down 4.3%

The firm has a fifty day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.02. The company has a market capitalization of £2.11 million, a PE ratio of -0.37 and a beta of 1.60. The company has a debt-to-equity ratio of 20.07, a quick ratio of 0.08 and a current ratio of 0.20.

Red Rock Resources (LON:RRR) last released its quarterly earnings results on Wednesday, April 1st. The company reported GBX (0.02) earnings per share for the quarter.

Red Rock Resources Company Profile

Red Rock Resources Plc engages in the production and exploration of natural resources assets in the South Africa, Kenya, Democratic Republic of Congo, Australia, and internationally. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties. It holds a 100% economic interest in the Migori Gold project located in Kenya. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.