Rogue Resources (CVE:RRS) Shares Cross Above 50-Day Moving Average – Here’s Why

Rogue Resources Inc. (CVE:RRS) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.03 and traded as high as C$0.06. Rogue Resources shares last traded at C$0.04, with a volume of 82,000 shares traded.

Rogue Resources Trading Down 30.0 %

The business’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The stock has a market cap of C$1.26 million, a price-to-earnings ratio of -1.17 and a beta of 1.77. The company has a quick ratio of 0.08, a current ratio of 0.52 and a debt-to-equity ratio of 101.08.

About Rogue Resources

Rogue Resources Inc, a mining company, focuses on selling dimensional limestone for landscape applications in Canada. The company explores for silica, nickel, copper, and iron ore deposits. Its properties include the Snow White project in Ontario; Shadow Lake Quarry located in Ontario; the Silicon Ridge project located in Québec; and the Radio Hill iron ore project located to the southwest of Timmins, Ontario.