Millrock Resources (CVE:MRO) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Millrock Resources Inc. (CVE:MROGet Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.03 and traded as low as C$0.03. Millrock Resources shares last traded at C$0.04, with a volume of 635,000 shares traded.

Millrock Resources Price Performance

The stock has a market capitalization of C$5.47 million, a price-to-earnings ratio of -5.00 and a beta of 0.03. The company has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 7.37 and a current ratio of 7.68.

About Millrock Resources

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Millrock Resources Inc engages in the acquisition and exploration of mineral properties. It deposits for gold, copper, porphyry, silver, and other metals. The company holds an interest in the 64North Gold project covering an area of approximately 1,860 hectares; Chisna DragonSlayer project; and Apex El Nido covering an area of approximately 315 hectares located in Alaska.

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