Rockfire Resources (LON:ROCK) Stock Price Up 3.7% – Time to Buy?

Rockfire Resources plc (LON:ROCK) rose 3.7% during mid-day trading on Wednesday . The stock traded as high as GBX 0.22 and last traded at GBX 0.20. Approximately 87,457,922 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 184,396,234 shares. The stock had previously closed at GBX 0.19.

Rockfire Resources Price Performance

The company has a market cap of £17.66 million, a P/E ratio of -4.04 and a beta of 0.38. The company’s 50-day moving average is GBX 0.16 and its two-hundred day moving average is GBX 0.18.

About Rockfire Resources

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.