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 mid-day 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. The stock had previously closed at C$0.18.

Analyst Upgrades and Downgrades

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

ROK Resources Trading Up 2.9 %

The business has a fifty day moving average of C$0.19 and a 200 day moving average of C$0.23. The company has a market capitalization of C$38.22 million, a PE ratio of -2.19 and a beta of 0.44.

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.