ROK Resources (CVE:ROK) Reaches New 12-Month Low – Here’s Why

ROK Resources Inc. (CVE:ROK)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$0.17 and last traded at C$0.17, with a volume of 68850 shares changing hands. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

ROK has been the subject of a number of research reports. Ventum Cap Mkts upgraded ROK Resources to a “strong-buy” rating in a research report on Thursday, August 8th. Ventum Financial decreased their price target on shares of ROK Resources from C$0.55 to C$0.45 in a research note on Thursday, August 22nd.

ROK Resources Price Performance

The firm has a market cap of C$37.13 million, a P/E ratio of -2.13 and a beta of 0.44. The stock’s 50 day moving average is C$0.19 and its two-hundred day moving average is 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.