Rugby Resources (CVE:RUG) Stock Price Down 11.1%

Rugby Resources Ltd. (CVE:RUG)’s stock price dropped 11.1% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 869,072 shares changed hands during trading, an increase of 273% from the average daily volume of 232,691 shares. The stock had previously closed at C$0.05.

Rugby Resources Price Performance

The business’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.06. The company has a quick ratio of 2.57, a current ratio of 3.29 and a debt-to-equity ratio of 6.04. The company has a market capitalization of C$11.91 million, a P/E ratio of -4.00 and a beta of 1.80.

Rugby Resources Company Profile

Rugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising various exploration permits totaling 849 square kilometers located in North Queensland, Australia.