Millrock Resources (CVE:MRO) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

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 traded.

Millrock Resources Stock Up 16.7 %

The stock’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. The stock has a market cap of C$5.47 million, a P/E ratio of -5.00 and a beta of 0.03.

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.