Robex Resources (CVE:RBX) Trading Up 0.4% - What's Next?

Robex Resources Inc. (CVE:RBX - Get Free Report) shares traded up 0.4% during trading on Wednesday . The company traded as high as C$2.82 and last traded at C$2.82. 15,768 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 40,951 shares. The stock had previously closed at C$2.81.

Wall Street Analysts Forecast Growth

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

Robex Resources Stock Up 0.7 %

The company has a debt-to-equity ratio of 15.70, a current ratio of 0.88 and a quick ratio of 1.14. The stock has a market capitalization of C$367.41 million and a price-to-earnings ratio of -12.71. The firm's fifty day moving average is C$2.56 and its 200-day moving average is C$2.55.

Robex Resources Company Profile

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.