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

Shares of Millrock Resources Inc. (CVE:MRO) passed below its 50-day moving average during trading on Thursday . 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 changing hands.

Millrock Resources Price Performance

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

About Millrock Resources

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. Millrock Resources Inc was incorporated in 1979 and is headquartered in Vancouver, Canada.