Resverlogix (TSE:RVX) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Resverlogix Corp. (TSE:RVX – Get Free Report)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.07 and traded as low as C$0.07. Resverlogix shares last traded at C$0.07, with a volume of 1,000 shares changing hands.

Resverlogix Stock Performance

The business has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.06. The firm has a market capitalization of C$19.39 million, a P/E ratio of -1.40 and a beta of 0.71.

Resverlogix (TSE:RVX – Get Free Report) last announced its earnings results on Wednesday, August 14th. The biotechnology company reported C($0.02) earnings per share (EPS) for the quarter. On average, equities research analysts forecast that Resverlogix Corp. will post -0.22 earnings per share for the current fiscal year.

Resverlogix Company Profile

(Get Free Report)

Resverlogix Corp., a late-stage clinical biotechnology company, develops therapeutics for disease states with high unmet medical needs. Its lead drug is apabetalone (RVX-208), a small molecule selective bromodomain and extra-terminal inhibitor that is in Phase III clinical trial for patients with cardiovascular disease, diabetes mellitus, chronic kidney disease, end-stage renal disease, and neurodegenerative diseases.

Read More