Tribune Resources (ASX:TBR) Trading Down 1.5%

Shares of Tribune Resources Ltd (ASX:TBR) were down 1.5% during trading on Wednesday . The stock traded as low as A$7.00 ($4.96) and last traded at A$7.00 ($4.96), approximately 5,238 shares were traded during mid-day trading. An increase of 132% from the average daily volume of 2,260 shares. The stock had previously closed at A$7.11 ($5.04).

The firm’s 50-day moving average is A$6.16. The firm has a market cap of $388.52 million and a price-to-earnings ratio of 5.20. The company has a quick ratio of 1.79, a current ratio of 3.49 and a debt-to-equity ratio of 3.55.

About Tribune Resources (ASX:TBR)

Tribune Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Australia. It explores for gold and silver deposits. The company focuses on the East Kundana and West Kundana joint venture tenements. The company is based in South Perth, Australia.

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