Resverlogix (TSE:RVX) Stock Crosses Above 50-Day Moving Average of $0.19

Posted by MarketBeat News on Nov 19th, 2022

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Resverlogix Corp. (TSE:RVX – Get Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.19 and traded as high as C$0.19. Resverlogix shares last traded at C$0.19, with a volume of 18,069 shares changing hands.

Resverlogix Stock Performance

The firm has a market cap of C$48.66 million and a P/E ratio of -1.27. The company has a 50 day moving average of C$0.19 and a 200 day moving average of C$0.24.

About Resverlogix

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Resverlogix Corp., a late-stage clinical biotechnology company, develops therapeutics for disease states with high unmet medical needs. It is developing apabetalone (RVX-208), a small molecule selective bromodomain and extra-terminal inhibitor that is in Phase III clinical trial for patients with cardiovascular disease, diabetes mellitus, chronic kidney disease, end-stage renal disease, and neurodegenerative diseases.