Canaccord Genuity Group Analysts Give Robex Resources (CVE:RBX) a C$3.75 Price Target

Canaccord Genuity Group set a C$3.75 price target on Robex Resources (CVE:RBX) in a research note released on Wednesday,BayStreet.CA reports. The firm currently has a speculative buy rating on the stock.

Robex Resources Stock Performance

Shares of RBX opened at C$2.60 on Wednesday. The company has a debt-to-equity ratio of 17.79, a quick ratio of 1.14 and a current ratio of 0.92. The stock has a market capitalization of C$392.21 million and a price-to-earnings ratio of -4.91. Robex Resources has a 52-week low of C$1.15 and a 52-week high of C$3.00. The stock’s 50-day simple moving average is C$2.48 and its 200 day simple moving average is C$2.65.

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.