Red Rock Resources (LON:RRR) Shares Up 40% – Here’s What Happened

Red Rock Resources Plc (LON:RRR)’s share price shot up 40% on Monday . The stock traded as high as GBX 0.03 and last traded at GBX 0.03. 230,846,547 shares traded hands during trading, an increase of 451% from the average session volume of 41,914,336 shares. The stock had previously closed at GBX 0.02.

Red Rock Resources Stock Performance

The company has a debt-to-equity ratio of 20.07, a quick ratio of 0.08 and a current ratio of 0.20. The firm’s 50-day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.03. The firm has a market capitalization of £2.13 million, a price-to-earnings ratio of -0.38 and a beta of 1.60.

Red Rock Resources (LON:RRR) last issued its 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.