Resverlogix (TSE:RVX) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Resverlogix Corp. (TSE:RVXGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . 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$0.10, with a volume of 56,400 shares traded.

Resverlogix Trading Up 5.0%

The company’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.10. The company has a current ratio of 0.03, a quick ratio of 0.04 and a debt-to-equity ratio of -83.11. The firm has a market cap of C$33.28 million, a PE ratio of -5.25 and a beta of 0.41.

Resverlogix (TSE:RVXGet Free Report) last announced its earnings results on Friday, May 15th. The biotechnology company reported C$0.01 earnings per share (EPS) for the quarter. As a group, sell-side analysts predict 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

Receive News & Ratings for Resverlogix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resverlogix and related companies with MarketBeat.com's FREE daily email newsletter.