Millrock Resources (CVE:MRO) Shares Pass Below 50-Day Moving Average – Time to Sell?

Millrock Resources Inc. (CVE:MROGet Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.03 and traded as low as C$0.03. Millrock Resources shares last traded at C$0.04, with a volume of 635,000 shares trading hands.

Millrock Resources Price Performance

The stock has a market cap of C$5.47 million, a price-to-earnings ratio of -5.00 and a beta of 0.03. The company has a debt-to-equity ratio of 8.08, a quick ratio of 7.37 and a current ratio of 7.68. The business’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04.

Millrock Resources Company Profile

(Get Free Report)

Millrock Resources Inc engages in the acquisition and exploration of mineral properties. It deposits for gold, copper, porphyry, silver, and other metals. The company holds an interest in the 64North Gold project covering an area of approximately 1,860 hectares; Chisna DragonSlayer project; and Apex El Nido covering an area of approximately 315 hectares located in Alaska.

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