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

Rogue Resources Inc. (CVE:RRS)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 changing hands.

Rogue Resources Stock Performance

The stock has a market capitalization of C$1.26 million, a price-to-earnings ratio of -1.17 and a beta of 1.77. The company’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The company has a quick ratio of 0.07, a current ratio of 0.52 and a debt-to-equity ratio of 101.08.

Rogue Resources Company Profile

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. The company also has 100% interest in the Speiran Quarry located near the town of Orillia; and 85% interest in the Johnston Farm Quarry located to the northeast of the town of Bobcaygeon.