ROK Resources (CVE:ROK) Sets New 52-Week Low – Here’s What Happened

ROK Resources Inc. (CVE:ROK) reached a new 52-week low on Thursday . The company traded as low as C$0.16 and last traded at C$0.17, with a volume of 138608 shares changing hands. The stock had previously closed at C$0.16.

Analyst Ratings Changes

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

ROK Resources Stock Performance

The stock has a market capitalization of C$34.95 million, a P/E ratio of -2.00 and a beta of 0.44. The firm’s fifty day moving average is C$0.19 and its 200-day moving average is C$0.22.

About ROK Resources

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.