Royal Road Minerals (CVE:RYR) Shares Up 4.5% – Here’s Why

Royal Road Minerals Limited (CVE:RYR)’s share price rose 4.5% during trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 25,500 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 70,360 shares. The stock had previously closed at C$0.11.

Royal Road Minerals Price Performance

The stock has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.10. The firm has a market capitalization of C$30.56 million, a P/E ratio of -1.92 and a beta of 1.18. The company has a quick ratio of 15.97, a current ratio of 33.33 and a debt-to-equity ratio of 0.52.

Royal Road Minerals Company Profile

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity.