Rugby Resources (CVE:RUG) Shares Up 12.5% – Still a Buy?

Rugby Resources Ltd. (CVE:RUG) rose 12.5% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 163,000 shares traded hands during trading, a decline of 42% from the average daily volume of 279,791 shares. The stock had previously closed at C$0.04.

Rugby Resources Price Performance

The firm has a market cap of C$15.81 million, a PE ratio of -4.00 and a beta of 1.89. 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 firm has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04.

About Rugby Resources

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.