VR Resources (CVE:VRR) Stock Price Down 14.3% – Here’s Why

VR Resources Ltd. (CVE:VRR)’s stock price dropped 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 151,000 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 138,849 shares. The stock had previously closed at C$0.07.

VR Resources Price Performance

The firm has a market capitalization of C$9.34 million, a PE ratio of -1.30 and a beta of 1.55. The firm has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of 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.