Rugby Resources (CVE:RUG) Shares Down 25% – Here’s Why

Shares of Rugby Resources Ltd. (CVE:RUG) dropped 25% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 206,000 shares traded hands during trading, a decline of 35% from the average daily volume of 318,250 shares. The stock had previously closed at C$0.02.

Rugby Resources Trading Down 25.0 %

The company has a debt-to-equity ratio of 6.04, a quick ratio of 2.57 and a current ratio of 0.86. The company’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04. The stock has a market capitalization of C$4.74 million, a price-to-earnings ratio of -1.50 and a beta of 1.89.

About Rugby Resources

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.