Millrock Resources (CVE:MRO) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Millrock Resources Inc. (CVE:MRO)’s share price passed below its 50-day moving average during trading on Friday . 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 Trading Up 16.7 %

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

Millrock Resources Company Profile

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.