Rugby Resources (CVE:RUG) Trading Down 18.2% – Should You Sell?

Rugby Resources Ltd. (CVE:RUG)’s stock price traded down 18.2% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 566,000 shares traded hands during mid-day trading, an increase of 100% from the average session volume of 283,001 shares. The stock had previously closed at C$0.06.

Rugby Resources Stock Performance

The company has a debt-to-equity ratio of 6.04, a current ratio of 0.86 and a quick ratio of 2.57. The company has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The stock has a market capitalization of C$14.23 million, a P/E ratio of -5.50 and a beta of 1.89.

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.