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

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

Rockfire Resources Trading Down 13.0 %

The firm has a 50-day simple moving average of GBX 0.16 and a two-hundred day simple moving average of GBX 0.14. The company has a market capitalization of £3.71 million, a price-to-earnings ratio of -2.20 and a beta of 0.38.

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.