Resverlogix (TSE:RVX) Reaches New 12-Month Low – Here’s Why

Resverlogix Corp. (TSE:RVXGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 27000 shares trading hands. The stock had previously closed at C$0.05.

Resverlogix Trading Down 11.1 %

The company has a market capitalization of C$7.92 million, a price-to-earnings ratio of -1.98 and a beta of 0.71. The business’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The company has a debt-to-equity ratio of -10.95, a current ratio of 0.13 and a quick ratio of 0.04.

About Resverlogix

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Resverlogix Corp clinical-stage biotechnology company. The company is developing an advanced epigenetic drug called apabetalone for the treatment of patients with cardiovascular disease, diabetes mellitus, chronic kidney disease, peripheral artery disease, orphan diseases, and neurodegenerative diseases.

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