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VR Resources stock plunged 25% to C$0.02 amid high trading volume, with no stated cause.
VR Resources (CVE:VRR) shares dropped 25% on Wednesday, closing at C$0.02 with trading volume surging to 705,000 shares—139% above average.
The stock’s 50-day and 200-day moving averages both stood at C$0.02, and it has a market cap of C$2.00 million.
The company explores for rare earth metals, copper, silver, gold, and diamonds in the U.S. and Canada, with key projects including the Northway property and Hecla-Kilmer REE project.
The stock has a negative P/E ratio of -1.50 and a beta of -1.26, indicating high volatility.
No specific reason for the decline was provided.
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Las acciones de VR Resources se desplomaron un 25% a C $ 0.02 en medio de un alto volumen de operaciones, sin ninguna causa indicada.