Royal Road Minerals (CVE:RYR) Trading Down 10.5% – Here’s What Happened

Royal Road Minerals Limited (CVE:RYR)’s share price fell 10.5% during trading on Thursday . The company traded as low as C$0.17 and last traded at C$0.17. 222,630 shares were traded during mid-day trading, an increase of 125% from the average session volume of 99,148 shares. The stock had previously closed at C$0.19.

Royal Road Minerals Price Performance

The business has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.21. The firm has a market cap of C$58.94 million, a PE ratio of -10.00 and a beta of 1.17. The company has a current ratio of 33.33, a quick ratio of 15.97 and a debt-to-equity ratio of 0.52.

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.