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

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

Royal Road Minerals Stock Up 10.0 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 33.33 and a quick ratio of 15.97. The company has a market cap of C$29.23 million, a price-to-earnings ratio of -1.83 and a beta of 1.18. The firm’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.10.

About Royal Road Minerals

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.