Robex Resources (CVE:RBX) Given a C$3.75 Price Target by Canaccord Genuity Group Analysts

Robex Resources (CVE:RBX) has been given a C$3.75 price target by research analysts at Canaccord Genuity Group in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 63.04% from the stock’s current price.

Robex Resources Trading Up 3.6 %

CVE:RBX opened at C$2.30 on Wednesday. The firm has a market cap of C$346.96 million and a P/E ratio of -4.34. The company has a current ratio of 0.92, a quick ratio of 1.14 and a debt-to-equity ratio of 17.79. The stock’s 50 day simple moving average is C$2.48 and its 200-day simple moving average is C$2.65. Robex Resources has a 12-month low of C$1.15 and a 12-month high of C$3.00.

About Robex Resources

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.