The stock of Rouge Resource Ltd (CVE:F) reached all time low today, Nov, 2 and still has $0.50 target or 10.00% below today’s $0.55 share price. This indicates more downside for the $56.74 million company. This technical setup was reported by Barchart.com. If the $0.50 PT is reached, the company will be worth $5.67M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.79% or $0.01 on November 2, hitting $0.55. About 184,500 shares traded hands. Rouge Resource Ltd (CVE:F) has risen 6.00% since October 3, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.
Another recent and important Rouge Resource Ltd (CVE:F) news was published by Juniorminingnetwork.com which published an article titled: “Fiore Exploration (previously Rouge Resources Ltd.) announces new name, stock …” on August 08, 2016.
F.V Company Profile
Rouge Resources Ltd., incorporated on March 31, 1988, is a mineral exploration firm engaged in the business of acquiring, exploring, evaluating and developing mineral resource properties in Canada. The Firm holds 100% interest in 16 claims in the Thunder Bay Mining District of North Central Ontario area called the Dotted Lake property.
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