Robex Resources (CVE:RBX) Trading 1.3% Higher - Time to Buy?

Robex Resources Inc. (CVE:RBX - Get Free Report)'s share price traded up 1.3% during trading on Wednesday . The company traded as high as C$2.35 and last traded at C$2.33. 3,644 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 33,397 shares. The stock had previously closed at C$2.30.

Wall Street Analyst Weigh In

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

Robex Resources Trading Up 0.8 %

The company has a current ratio of 0.88, a quick ratio of 1.14 and a debt-to-equity ratio of 15.70. The company has a market cap of C$309.80 million and a PE ratio of -10.72. The business's 50-day simple moving average is C$2.43 and its 200-day simple moving average is C$2.56.

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.