Rockfire Resources (LON:ROCK) Stock Price Up 16.3% – Still a Buy?

Shares of Rockfire Resources plc (LON:ROCK) were up 16.3% during trading on Wednesday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 103,931,781 shares traded hands during trading, an increase of 90% from the average daily volume of 54,591,324 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Stock Up 14.4 %

The company has a 50 day moving average of GBX 0.14 and a two-hundred day moving average of GBX 0.15. The firm 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.