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

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

Analyst Upgrades and Downgrades

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 report on Wednesday, December 11th.

Robex Resources Stock Up 11.5 %

The firm has a fifty day simple moving average of C$2.56 and a 200-day simple moving average of C$2.55. The company has a market capitalization of C$409.66 million and a PE ratio of -14.18. The company has a debt-to-equity ratio of 15.70, a quick ratio of 1.14 and a current ratio of 0.88.

About Robex Resources

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.