Resverlogix (TSE:RVX) Hits New 52-Week Low – What’s Next?

Resverlogix Corp. (TSE:RVX – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 63,264 shares trading hands. The stock had previously closed at C$0.09.

Resverlogix Trading Down 5.9%

The stock has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.10. The company has a debt-to-equity ratio of -82.47, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of C$27.54 million, a PE ratio of -2.00 and a beta of -0.11.

About Resverlogix

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Founded in 2001, Resverlogix is a Calgary based late-stage biotechnology company, and a world leader in epigenetics, with the goal of developing first-in-class therapies for the benefit of patients with chronic disease. Resverlogix is developing a new class of epigenetic therapies designed to regulate the expression of disease-causing genes. We aim to improve patients’ lives by restoring biological functions – altered by serious illnesses such as cardiovascular disease – back to a healthier state.

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