Rugby Resources (CVE:RUG) Shares Up 25% – Time to Buy?

Rugby Resources Ltd. (CVE:RUG) traded up 25% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 151,000 shares were traded during trading, a decline of 34% from the average session volume of 229,500 shares. The stock had previously closed at C$0.02.

Rugby Resources Stock Performance

The company has a debt-to-equity ratio of 6.04, a quick ratio of 2.57 and a current ratio of 0.86. The firm has a market capitalization of C$6.33 million, a price-to-earnings ratio of -2.00 and a beta of 1.89. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

Rugby Resources Company Profile

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.