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

Millrock Resources Inc. (CVE:MROGet Free Report) shares 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 has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.04. The company has a debt-to-equity ratio of 8.08, a current ratio of 7.68 and a quick ratio of 7.37. The firm has a market cap of C$5.47 million, a price-to-earnings ratio of -5.00 and a beta of 0.03.

About Millrock Resources

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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.

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