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Royal Road assets grow and losses fall

Tuesday, November 29, 2016 15:33
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(Before It's News)

Royal Road Minerals Limited (CVE:RYR) reported swelling assets and a sharply reduced loss with its nine-month earnings on Tuesday.

Total assets were C$1.4mln in the three months to September 30 compared with C$1.1mln at the end of 2015.

The comprehensive loss was C$1.047mln in the nine months to September versus C$1.8mln in the equivalent nine months of 2015.

In the three-month period ended Sept 30, the company recorded a comprehensive loss of C$476,512 versus a loss of C$214,131 in the same period in 2015.

The company partly attributed this to discontinued operation related to exploration and evaluation expenditures on the Turkey properties

Story by ProactiveInvestors

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