Resverlogix (TSE:RVX) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Resverlogix Corp. (TSE:RVXGet Free Report)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.06 and traded as low as C$0.06. Resverlogix shares last traded at C$0.06, with a volume of 153,440 shares.

Resverlogix Stock Down 9.1 %

The firm’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The stock has a market capitalization of C$13.85 million, a P/E ratio of -1.00 and a beta of 0.71.

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