Resverlogix (TSE:RVX) Share Price Passes Below 50 Day Moving Average – What’s Next?

Resverlogix Corp. (TSE:RVXGet Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.06 and traded as low as C$0.06. Resverlogix shares last traded at C$0.06, with a volume of 1,000 shares changing hands.

Resverlogix Stock Up 10.0 %

The stock’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.06. The firm has a market capitalization of C$15.23 million, a price-to-earnings ratio of -1.10 and a beta of 0.71.

Resverlogix Company Profile

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Resverlogix Corp., a late-stage clinical biotechnology company, develops therapeutics for disease states with high unmet medical needs. Its lead drug is apabetalone (RVX-208), a small molecule selective bromodomain and extra-terminal inhibitor that is in Phase III clinical trial for patients with cardiovascular disease, diabetes mellitus, chronic kidney disease, end-stage renal disease, and neurodegenerative diseases.

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