ROK Resources (CVE:ROK) Price Target Cut to C$0.75

ROK Resources (CVE:ROK) had its target price cut by investment analysts at Cormark from C$0.95 to C$0.75 in a research note issued on Friday, BayStreet.CA reports. Cormark’s price objective points to a potential upside of 141.94% from the company’s current price.

ROK Resources Stock Performance

Shares of CVE ROK remained flat at C$0.31 during mid-day trading on Friday. The company had a trading volume of 617,027 shares, compared to its average volume of 189,057. The firm’s 50 day simple moving average is C$0.29 and its 200 day simple moving average is C$0.32. The firm has a market cap of C$67.71 million, a PE ratio of -2.38 and a beta of 0.46. ROK Resources has a 1-year low of C$0.26 and a 1-year high of C$0.45.

About ROK Resources

ROK Resources Inc operates as independent oil and gas company in Canada. It primarily engages in production, exploration, and development of oil and natural gas in Southeast Saskatchewan. The company is headquartered in Regina, Canada.