VR Resources (CVE:VRR) Shares Down 16.7% – What’s Next?

VR Resources Ltd. (CVE:VRR)’s share price dropped 16.7% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 272,100 shares were traded during trading, an increase of 61% from the average daily volume of 169,108 shares. The stock had previously closed at C$0.06.

VR Resources Price Performance

The stock has a market capitalization of C$6.03 million, a P/E ratio of -0.83 and a beta of 1.55. The stock’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05.

VR Resources Company Profile

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, silver, gold, and diamond deposits. The company's principal properties include 100% owned Northway property consisting of 284 claims; and Hecla-Kilmer REE critical metals comprising 224 mineral claims in one contiguous block covering an area of 4,618 hectares located in northern Ontario, Canada.