Redzone Resources (CVE:REZ) Trading 10% Higher – Should You Buy?

Redzone Resources Ltd (CVE:REZ) shares traded up 10% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. 10,000 shares were traded during mid-day trading, a decline of 67% from the average session volume of 29,926 shares. The stock had previously closed at C$0.10.

Redzone Resources Price Performance

The firm has a market cap of C$2.83 million and a PE ratio of -2.00. The company has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.11.

Redzone Resources Company Profile

Redzone Resources Ltd. engages in the acquisition, exploration, and development of mineral properties. The company holds a 55% interest in the Lara Socos porphyry copper molybdenum property consisting of three mineral concessions covering an area of 1,800 hectares located on the southern coast of Peru.