Rockfire Resources (LON:ROCK) Shares Up 1.9% – Time to Buy?

Rockfire Resources plc (LON:ROCK) shot up 1.9% during mid-day trading on Saturday . The company traded as high as GBX 0.19 ($0.00) and last traded at GBX 0.16 ($0.00). 36,140,535 shares changed hands during mid-day trading, an increase of 74% from the average session volume of 20,806,648 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Stock Up 1.9 %

The company’s 50-day simple moving average is GBX 0.12 and its 200 day simple moving average is GBX 0.16. The company has a market capitalization of £4.88 million, a P/E ratio of -2.20 and a beta of 0.38.

Rockfire Resources Company Profile

Rockfire Resources plc, together with its subsidiaries, engages in the mineral exploration in Australia. The company explores for gold, silver, copper, zinc, lead, and molybdenum deposits. It holds five exploration permits for minerals in Queensland; and an exploration and exploitation license in Greece.