Rugby Resources (CVE:RUG) Shares Down 25% – Here’s Why

Shares of Rugby Resources Ltd. (CVE:RUG) dropped 25% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 1,099,528 shares were traded during mid-day trading, an increase of 220% from the average daily volume of 343,510 shares. The stock had previously closed at C$0.02.

Rugby Resources Stock Performance

The firm has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.04. The company has a debt-to-equity ratio of 6.04, a current ratio of 0.86 and a quick ratio of 2.57. The stock has a market capitalization of C$4.74 million, a price-to-earnings ratio of -1.50 and a beta of 1.89.

Rugby Resources Company Profile

Rugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising various exploration permits totaling 849 square kilometers located in North Queensland, Australia.