Resverlogix (TSE:RVX) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Resverlogix Corp. (TSE:RVXGet Free Report)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.10 and traded as low as C$0.10. Resverlogix shares last traded at C$0.11, with a volume of 15,310 shares.

Resverlogix Stock Performance

The stock has a market cap of C$31.61 million, a PE ratio of -3.67 and a beta of 0.78. The company has a quick ratio of 0.04, a current ratio of 0.13 and a debt-to-equity ratio of -10.95. The stock’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.09.

Resverlogix (TSE:RVXGet Free Report) last released its quarterly earnings data on Thursday, November 13th. The biotechnology company reported C$0.00 earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Resverlogix Corp. will post -0.22 EPS for the current year.

Resverlogix Company Profile

(Get Free Report)

Resverlogix Corp clinical-stage biotechnology company. The company is developing an advanced epigenetic drug called apabetalone for the treatment of patients with cardiovascular disease, diabetes mellitus, chronic kidney disease, peripheral artery disease, orphan diseases, and neurodegenerative diseases.

Further Reading

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