Red River Resources (ASX:RVR) Trading Down 3.6%

Shares of Red River Resources Limited (ASX:RVR) dropped 3.6% during trading on Wednesday . The stock traded as low as A$0.14 ($0.10) and last traded at A$0.14 ($0.10), approximately 1,773,107 shares changed hands during mid-day trading. A decline of 46% from the average daily volume of 3,290,000 shares. The stock had previously closed at A$0.14 ($0.10).

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.58. The firm’s 50-day moving average price is A$0.15 and its 200 day moving average price is A$0.17. The firm has a market capitalization of $69.35 million and a price-to-earnings ratio of 16.88.

Red River Resources Company Profile (ASX:RVR)

Red River Resources Limited engages in the exploration and evaluation of mineral projects in Australia. It explores for zinc, copper, lead, gold, silver, and base metal deposits. The company focuses on the development of the Thalanga zinc project, which is located in the southwest of Charters Towers in Northern Queensland.

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