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

Resverlogix Corp. (TSE:RVXGet Free Report) shares crossed 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 traded.

Resverlogix Stock Performance

The firm’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The firm has a market capitalization of C$15.23 million, a price-to-earnings ratio of -1.10 and a beta of 0.71.

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

Resverlogix Company Profile

(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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