ROK Resources (CVE:ROK) Hits New 12-Month Low – What’s Next?

ROK Resources Inc. (CVE:ROK) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$0.17 and last traded at C$0.17, with a volume of 163895 shares trading hands. The stock had previously closed at C$0.18.

Wall Street Analyst Weigh In

A number of research analysts have commented on ROK shares. Ventum Cap Mkts raised ROK Resources to a “strong-buy” rating in a report on Thursday, August 8th. Ventum Financial reduced their target price on ROK Resources from C$0.55 to C$0.45 in a report on Thursday, August 22nd.

ROK Resources Trading Up 2.9 %

The stock has a market capitalization of C$38.22 million, a price-to-earnings ratio of -2.19 and a beta of 0.44. The firm has a 50-day moving average of C$0.19 and a 200 day moving average of C$0.23.

ROK Resources Company Profile

ROK Resources Inc operates as independent oil and gas company in Canada. The company primarily engages in production, exploration, and development of oil and natural gas in Southeast Saskatchewan. ROK Resources Inc is headquartered in Regina, Canada.