Robex Resources Inc. (CVE:RBX - Get Free Report) shares dropped 1.9% during mid-day trading on Wednesday . The stock traded as low as C$2.65 and last traded at C$2.65. Approximately 20,432 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 47,300 shares. The stock had previously closed at C$2.70.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$3.75 price target on shares of Robex Resources and gave the company a "speculative buy" rating in a report on Wednesday, December 11th.
Read Our Latest Stock Report on Robex Resources
Robex Resources Stock Down 2.9 %
The stock has a market capitalization of C$339.25 million and a price-to-earnings ratio of -11.74. The firm's fifty day moving average is C$2.46 and its 200-day moving average is C$2.54. 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.
Recommended Stories
Before you consider Robex Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robex Resources wasn't on the list.
While Robex Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
