Rockfire Resources (LON:ROCK) Shares Down 13% – Here’s Why

Rockfire Resources plc (LON:ROCK) shares were down 13% on Saturday . The company traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.12 ($0.00). Approximately 758,729,750 shares were traded during mid-day trading, an increase of 947% from the average daily volume of 72,461,367 shares. The stock had previously closed at GBX 0.14 ($0.00).

Rockfire Resources Stock Performance

The firm has a market cap of £3.71 million, a price-to-earnings ratio of -2.20 and a beta of 0.38. The firm has a fifty day simple moving average of GBX 0.16 and a 200-day simple moving average of GBX 0.14.

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.