Rubicon Minerals Corp. (RMX) Trading Down 4%

Rubicon Minerals Corp. (TSE:RMX) shares dropped 4% during mid-day trading on Thursday . The company traded as low as C$1.45 and last traded at C$1.45. Approximately 24,024 shares were traded during trading, a decline of 33% from the average daily volume of 36,030 shares. The stock had previously closed at C$1.51.

The stock’s 50-day moving average price is $1.58 and its 200 day moving average price is $1.59. The firm has a market cap of $85.68 million and a PE ratio of 0.45.

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About Rubicon Minerals Corp.

Rubicon Minerals Corporation is an exploration-stage company. The Company owns the Phoenix gold project, located in the Red Lake gold district in northwestern Ontario, Canada. The Company’s segment is the mining business in North America. It also controls over 100 square miles of exploration ground in the Red Lake gold district and approximately 350 square miles of mineral property interests in the Long Canyon gold district that straddles the Nevada-Utah border in the United States.

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