Resverlogix (TSE:RVX) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Resverlogix Corp. (TSE:RVX)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.10 and traded as high as C$0.11. Resverlogix shares last traded at C$0.11, with a volume of 21,242 shares changing hands.

Resverlogix Stock Up 10.0%

The company’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10. The company has a current ratio of 0.13, a quick ratio of 0.04 and a debt-to-equity ratio of -10.95. The firm has a market capitalization of C$31.61 million, a P/E ratio of -3.67 and a beta of 0.70.

Resverlogix (TSE:RVX) last announced its earnings results on Thursday, November 13th. The biotechnology company reported C$0.00 earnings per share for the quarter. Research analysts expect that Resverlogix Corp. will post -0.22 EPS for the current year.

About Resverlogix

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.