Rockfire Resources (LON:ROCK) Trading 14.4% Higher – Here’s Why

Rockfire Resources plc (LON:ROCK) shares rose 14.4% during trading on Wednesday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). Approximately 122,046,266 shares changed hands during mid-day trading, an increase of 110% from the average daily volume of 58,214,223 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Price Performance

The stock’s 50 day simple moving average is GBX 0.14 and its two-hundred day simple moving average is GBX 0.15. The stock has a market cap of £5.65 million, a P/E 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.