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

Rugby Resources Ltd. (CVE:RUG)’s stock price fell 25% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 235,500 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 338,765 shares. The stock had previously closed at C$0.02.

Rugby Resources Stock Performance

The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a quick ratio of 2.57, a current ratio of 0.86 and a debt-to-equity ratio of 6.04. The company has a market cap of C$6.33 million, a price-to-earnings ratio of -2.00 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.