Rockfire Resources (LON:ROCK) Trading Up 8.3% – Should You Buy?

Rockfire Resources plc (LON:ROCK) traded up 8.3% during trading on Wednesday . The company traded as high as GBX 0.13 and last traded at GBX 0.13. 14,745,755 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 103,061,055 shares. The stock had previously closed at GBX 0.12.

Rockfire Resources Price Performance

The company has a market cap of £11.46 million, a P/E ratio of -2.62 and a beta of 0.38. The stock has a 50-day moving average of GBX 0.15 and a 200 day moving average of GBX 0.16.

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.