Rugby Resources (CVE:RUG) Trading Down 50% – Here’s Why

Rugby Resources Ltd. (CVE:RUG)’s share price was down 50% on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 2,980,770 shares traded hands during mid-day trading, an increase of 849% from the average daily volume of 314,064 shares. The stock had previously closed at C$0.05.

Rugby Resources Stock Down 50.0 %

The company has a debt-to-equity ratio of 6.04, a current ratio of 0.86 and a quick ratio of 2.57. The company has a market capitalization of C$7.91 million, a price-to-earnings ratio of -5.00 and a beta of 1.89. The firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.04.

Rugby Resources Company Profile

Rugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising various exploration permits totaling 849 square kilometers located in North Queensland, Australia.