Rockfire Resources (LON:ROCK) Sets New 1-Year Low – Should You Sell?

Rockfire Resources plc (LON:ROCK) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.10 and last traded at GBX 0.10, with a volume of 112489859 shares trading hands. The stock had previously closed at GBX 0.11.

Rockfire Resources Price Performance

The company has a market cap of £11.20 million, a PE ratio of -3.50 and a beta of 0.38. The firm’s 50 day moving average is GBX 0.11 and its 200 day moving average is GBX 0.13.

Rockfire Resources Company Profile

Rockfire Resources plc is a progressive copper and gold exploration company with a strong growth strategy. The Company has a goal of delineating significant copper and gold resources to move its projects towards feasibility and development.

Our three projects in Queensland, Australia are actively being explored and Rockfire is achieving success through exploration. Concurrently, the Company is examining opportunities to acquire new, highly-prospective copper/gold projects worldwide.