IronRidge Resources (LON:IRR) Trading Up 9.3% – Still a Buy?

IronRidge Resources Limited (LON:IRR)’s share price was up 9.3% during mid-day trading on Thursday . The company traded as high as GBX 24.40 ($0.31) and last traded at GBX 23.50 ($0.30). Approximately 2,577,673 shares traded hands during trading, an increase of 46% from the average daily volume of 1,769,440 shares. The stock had previously closed at GBX 21.50 ($0.27).

IronRidge Resources Trading Up 9.3 %

The firm’s 50-day moving average price is GBX 23.50 and its 200 day moving average price is GBX 23.50. The company has a market cap of £134.83 million and a price-to-earnings ratio of -39.17.

IronRidge Resources Company Profile

IronRidge Resources Limited explores for and develops mineral properties in Africa and Australia. It explores for lithium, bauxite, titania, and iron ore. The company's flagship project is Zaranou gold project, which includes 3,982 square kilometers of gold deposits and 774 square kilometers of lithium deposits located in Côte d'Ivoire, West Africa.