Millrock Resources (CVE:MRO) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Millrock Resources Inc. (CVE:MROGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

Millrock Resources Price Performance

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

About Millrock Resources

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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.

Further Reading

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