Red Rock Resources (LON:RRR) Shares Down 8% – What’s Next?

Red Rock Resources Plc (LON:RRR)’s share price fell 8% during trading on Thursday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 23,745,818 shares were traded during mid-day trading, a decline of 46% from the average session volume of 44,361,773 shares. The stock had previously closed at GBX 0.03.

Red Rock Resources Price Performance

The company has a quick ratio of 0.08, a current ratio of 0.20 and a debt-to-equity ratio of 20.07. The firm has a market cap of £2.22 million, a PE ratio of -0.34 and a beta of 1.60. The stock has a 50 day moving average price of GBX 0.03 and a two-hundred day moving average price of GBX 0.03.

Red Rock Resources (LON:RRR) last released its earnings results on Monday, December 22nd. The company reported GBX (0.07) EPS for the quarter.

About Red Rock Resources

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.