Raging River Exploration (TSE:RRX) Stock Price Up 3.1% – Should You Buy?

Shares of Raging River Exploration Inc (TSE:RRXGet Free Report) shot up 3.1% during trading on Monday . The stock traded as high as C$5.99 and last traded at C$5.99. 3,076,538 shares traded hands during mid-day trading, an increase of 86% from the average session volume of 1,657,126 shares. The stock had previously closed at C$5.81.

Raging River Exploration Trading Up 3.1 %

The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 24.57. The firm has a market capitalization of C$1.39 billion and a price-to-earnings ratio of 17.62. The firm has a 50 day moving average of C$5.99.

About Raging River Exploration

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Raging River Exploration Inc engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company primarily holds interests in the properties located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan; and in the Esther area of southeastern Alberta.

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