Vmbook Online ordering
Ruby Creek Resources Inc
Ruby Creek Resources Inc (RBYC) is a mineral exploration company based in Canada, focused on the acquisition, exploration, and development of mineral properties in North America. The company's main project is the Shotgun property, located in the Yukon Territory, Canada, which is prospective for gold, silver, and base metals.
As a public company, Ruby Creek Resources Inc is required to file financial statements and other disclosure documents with the Securities and Exchange Commission (SEC) on an annual and quarterly basis. These filings can provide information about the company's financial performance, including revenue, earnings, and growth.
In recent years, Ruby Creek Resources has reported limited revenue and negative earnings. In 2020, the company reported no revenue and a net loss of $1,053,000, compared to no revenue and a net loss of $1,133,000 in 2019. As of the end of 2020, the company had a working capital deficit of $1,673,000.
In terms of growth, Ruby Creek Resources has not yet achieved significant revenue or earnings growth. The company's primary focus has been on the exploration and development of the Shotgun property, with the goal of defining a potentially economic mineral deposit. However, the company has faced challenges in financing its exploration activities, which has limited its ability to advance the project and achieve growth.
Overall, Ruby Creek Resources Inc is a speculative investment with limited financial performance to date and a focus on mineral exploration in the Yukon Territory. Investors should carefully consider the company's financial statements and disclosure documents before making an investment decision.