Robex Resources (CVE:RBX) Shares Up 0.4% – Here’s What Happened

Robex Resources Inc. (CVE:RBX)’s share price traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as C$2.82 and last traded at C$2.82. 15,768 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 40,951 shares. The stock had previously closed at C$2.81.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$3.75 price objective on shares of Robex Resources and gave the company a “speculative buy” rating in a report on Wednesday, December 11th.

Robex Resources Trading Up 0.4 %

The company has a debt-to-equity ratio of 15.70, a current ratio of 0.88 and a quick ratio of 1.14. The company has a market cap of C$361.01 million and a price-to-earnings ratio of -12.49. The business’s fifty day moving average price is C$2.54 and its 200 day moving average price is C$2.54.

About Robex Resources

Robex Resources Inc operates as a gold production and development company in West Africa. The company operates the Nampala mining permit located in southern Mali; and the Kiniero Project in Guinea. It also holds five exploration permits, including Mininko, Kamasso, Gladié, Sanoula, and Diangouté in Mali.