Rockfire Resources (LON:ROCK) Trading 22.6% Higher – Should You Buy?

Rockfire Resources plc (LON:ROCK) was up 22.6% during mid-day trading on Friday . The stock traded as high as GBX 0.19 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 42,939,809 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 20,834,176 shares. The stock had previously closed at GBX 0.16 ($0.00).

Rockfire Resources Price Performance

The firm’s fifty day moving average price is GBX 0.12 and its two-hundred day moving average price is GBX 0.16. The stock has a market cap of £4.88 million, a P/E ratio of -2.20 and a beta of 0.38.

About Rockfire Resources

Rockfire Resources plc, together with its subsidiaries, engages in the mineral exploration in Australia. The company explores for gold, silver, copper, zinc, lead, and molybdenum deposits. It holds five exploration permits for minerals in Queensland; and an exploration and exploitation license in Greece.