Robex Resources (CVE:RBX) Trading Up 0.4% – Should You Buy?

Robex Resources Inc. (CVE:RBX)’s stock price was up 0.4% during mid-day trading on Wednesday . The stock traded as high as C$2.82 and last traded at C$2.82. Approximately 15,768 shares changed hands during trading, a decline of 61% from the average daily volume of 40,951 shares. The stock had previously closed at C$2.81.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$3.75 price objective on Robex Resources and gave the company a “speculative buy” rating in a research report on Wednesday, December 11th.

Robex Resources Trading Up 0.7 %

The firm has a market capitalization of C$367.41 million and a P/E ratio of -12.71. The company has a current ratio of 0.88, a quick ratio of 1.14 and a debt-to-equity ratio of 15.70. The company’s fifty day moving average is C$2.56 and its 200-day moving average is C$2.55.

Robex Resources Company Profile

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.