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Robex Resources (CVE:RBX) Reaches New 52-Week High - Here's What Happened

Robex Resources logo with Basic Materials background

Robex Resources Inc. (CVE:RBX - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.06 and last traded at C$3.03, with a volume of 8567 shares trading hands. The stock had previously closed at C$2.87.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$3.75 price objective on shares of Robex Resources and gave the company a "speculative buy" rating in a report on Wednesday, December 11th.

View Our Latest Research Report on RBX

Robex Resources Stock Performance

The firm has a fifty day moving average of C$2.64 and a 200 day moving average of C$2.56. The stock has a market cap of C$382.77 million and a price-to-earnings ratio of -13.25. The company has a debt-to-equity ratio of 15.70, a current ratio of 0.88 and a quick ratio of 1.14.

Robex Resources Company Profile

(Get Free Report)

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.

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