and its traded volume jumped up at once. However, the reason for the climb remains in mystery at this point.The last news on Ruby Creek came up in mid-January, reporting that they have received a mining licence on the Gold Plateau Project. However, the positive announcement didn’t support RBYC stock price much. Now the company has not released any news on its business, though, the high trade was registered. Looks like something is about to happen with RBYC and investors are curious to know its next move.
Ruby Creek Resources, Inc. is an exploration-stage company engaged in the examination and investigation of land that contains valuable minerals. Following the chart, RBYC has been changing its trading range quite often and presently it is between $0.61 – $0.75 per share. According to its quarterly report, the company’s assets are higher than its liabilities, however, most of the liabilities are indicated as a long-term debt that has not been paid yet. Besides, Ruby Creek has a deficit accumulated during the exploration stage, which is over $3.8 million and a net loss of over $830 thousand.[BANNER]
Due to the fact that the company has not generated revenues and incurred significant losses since inception, its financial report states that Ruby Creek is dependent upon the ability to obtain necessary financing and until then there is substantial doubt about its continuation.
