VR Resources (CVE:VRR) Shares Up 40% – Here’s What Happened

VR Resources Ltd. (CVE:VRR) shares were up 40% during trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 159,000 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 170,438 shares. The stock had previously closed at C$0.05.

VR Resources Stock Up 15.4 %

The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The stock has a market cap of C$9.05 million, a price-to-earnings ratio of -1.25 and a beta of 1.55.

VR Resources Company Profile

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, silver, gold, and diamond deposits. The company's principal properties include 100% owned Northway property consisting of 284 claims; and Hecla-Kilmer REE critical metals comprising 224 mineral claims in one contiguous block covering an area of 4,618 hectares located in northern Ontario, Canada.