Resverlogix (TSE:RVX) Shares Cross Below 50-Day Moving Average – Time to Sell?

Resverlogix Corp. (TSE:RVXGet Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.06 and traded as low as C$0.05. Resverlogix shares last traded at C$0.06, with a volume of 2,400 shares changing hands.

Resverlogix Stock Up 10.0 %

The firm has a market capitalization of C$15.23 million, a PE ratio of -1.10 and a beta of 0.71. The stock has a 50-day moving average price of C$0.06 and a 200 day moving average price of C$0.06.

Resverlogix (TSE:RVXGet Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The biotechnology company reported C($0.03) EPS for the quarter. As a group, equities analysts predict that Resverlogix Corp. will post -0.22 earnings per share for the current fiscal year.

About Resverlogix

(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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