Royal Road Minerals (CVE:RYR) Stock Price Down 11.4% – Here’s Why

Shares of Royal Road Minerals Limited (CVE:RYR) fell 11.4% on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. 68,133 shares were traded during trading, a decline of 31% from the average session volume of 98,326 shares. The stock had previously closed at C$0.22.

Royal Road Minerals Trading Down 11.4%

The company has a quick ratio of 15.97, a current ratio of 33.33 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.21. The company has a market cap of C$57.42 million, a price-to-earnings ratio of -9.75 and a beta of 1.17.

Royal Road Minerals Company Profile

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.