ROK Resources (CVE:ROK) Reaches New 12-Month Low – Should You Sell?

ROK Resources Inc. (CVE:ROK)’s stock price hit a new 52-week low on Thursday . The stock 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 analysts have issued reports on ROK shares. Ventum Financial lowered their target price on ROK Resources from C$0.55 to C$0.45 in a report on Thursday, August 22nd. Ventum Cap Mkts raised ROK Resources to a “strong-buy” rating in a research report on Thursday, August 8th.

ROK Resources Stock Performance

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