Resverlogix (TSE:RVX) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Resverlogix Corp. (TSE:RVXGet Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 2,000 shares changing hands.

Resverlogix Trading Down 5.0%

The company has a market capitalization of C$27.21 million, a P/E ratio of -2.38 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 firm’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.08.

About Resverlogix

(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.

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