Shares of Rugby Resources Ltd. (CVE:RUG – Get Free Report) were up 50% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.03. Approximately 2,762,866 shares were traded during trading, an increase of 856% from the average daily volume of 288,891 shares. The stock had previously closed at C$0.02.
Rugby Resources Stock Performance
The business has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.04. The company has a market capitalization of C$9.50 million, a PE ratio of -3.15 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.
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