Royal Road Minerals (CVE:RYR) Shares Up 10% – Still a Buy?

Royal Road Minerals Limited (CVE:RYR)’s share price was up 10% on Friday . The company traded as high as C$0.13 and last traded at C$0.11. Approximately 247,000 shares changed hands during mid-day trading, an increase of 244% from the average daily volume of 71,720 shares. The stock had previously closed at C$0.10.

Royal Road Minerals Trading Up 10.0 %

The company has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.10. The company has a market capitalization of C$29.23 million, a price-to-earnings ratio of -1.83 and a beta of 1.18. The company has a current ratio of 33.33, a quick ratio of 15.97 and a debt-to-equity ratio of 0.52.

Royal Road Minerals Company Profile

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.