VR Resources (CVE:VRR) Shares Down 37.5% – Here’s Why

VR Resources Ltd. (CVE:VRR) shares dropped 37.5% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 1,845,000 shares were traded during mid-day trading, an increase of 808% from the average daily volume of 203,277 shares. The stock had previously closed at C$0.04.

VR Resources Price Performance

The firm has a market cap of C$4.67 million, a P/E ratio of -0.65 and a beta of 1.55. The stock’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04.

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.