Robex Resources (CVE:RBX) Sets New 52-Week High – Here’s What Happened

Robex Resources Inc. (CVE:RBX)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$3.06 and last traded at C$3.03, with a volume of 8567 shares. The stock had previously closed at C$2.87.

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 research note on Wednesday, December 11th.

Robex Resources Trading Up 3.2 %

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 firm has a fifty day simple moving average of C$2.59 and a 200-day simple moving average of C$2.55. The firm has a market cap of C$416.06 million and a P/E ratio of -14.40.

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.