ROK Resources (CVE:ROK) Hits New 12-Month Low at $0.20

ROK Resources Inc. (CVE:ROK) reached a new 52-week low on Monday . The stock traded as low as C$0.20 and last traded at C$0.21, with a volume of 1086745 shares changing hands. The stock had previously closed at C$0.21.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Ventum Cap Mkts raised ROK Resources to a “strong-buy” rating in a research report on Thursday, August 8th. Cormark cut their target price on ROK Resources from C$0.75 to C$0.50 in a research report on Thursday, June 20th.

ROK Resources Trading Down 4.5 %

The company has a 50-day simple moving average of C$0.23 and a 200 day simple moving average of C$0.27. The company has a market cap of C$45.87 million, a P/E ratio of -2.63 and a beta of 0.47.

ROK Resources (CVE:ROK) last posted its quarterly earnings results on Tuesday, May 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). ROK Resources had a negative return on equity of 16.85% and a negative net margin of 24.06%. The firm had revenue of C$20.93 million for the quarter. On average, equities analysts forecast that ROK Resources Inc. will post 0.0526316 EPS for the current fiscal 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.