ROK Resources (CVE:ROK) Reaches New 12-Month Low at $0.23

ROK Resources Inc. (CVE:ROK) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 38510 shares trading hands. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

Separately, Cormark reduced their target price on shares of ROK Resources from C$0.75 to C$0.50 in a report on Thursday, June 20th.

ROK Resources Price Performance

The stock has a market capitalization of C$50.24 million, a P/E ratio of -2.88 and a beta of 0.50. The firm has a 50 day simple moving average of C$0.26 and a two-hundred day simple moving average of C$0.28.

ROK Resources (CVE:ROK) last posted its quarterly earnings data on Tuesday, May 21st. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). The company had revenue of C$20.93 million during the quarter. ROK Resources had a negative net margin of 24.06% and a negative return on equity of 16.85%. On average, research analysts predict that ROK Resources Inc. will post 0.034375 earnings per share for the current year.

About ROK Resources

ROK Resources Inc operates as independent oil and gas company in Canada. The company primarily engages in production, exploration, and development of oil and natural gas in Southeast Saskatchewan. ROK Resources Inc is headquartered in Regina, Canada.