Resverlogix (TSE:RVX) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Resverlogix Corp. (TSE:RVXGet Free Report)’s stock 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$0.11, with a volume of 11,020 shares changing hands.

Resverlogix Trading Up 5.0%

The stock has a market cap of C$30.08 million, a PE ratio of -2.63 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$0.08.

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.

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