The stock of Rouge Resource Ltd (CVE:F) hit a new 52-week low and has $0.40 target or 12.00% below today’s $0.46 share price. The 7 months bearish chart indicates high risk for the $47.62M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $0.40 price target is reached, the company will be worth $5.71M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 148,200 shares traded hands or 1.97% up from the average. Rouge Resource Ltd (CVE:F) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
More news for Rouge Resource Ltd (CVE:F) were recently published by: Juniorminingnetwork.com, which released: “Fiore Exploration (previously Rouge Resources Ltd.) announces new name, stock …” on August 08, 2016. Finance.Yahoo.com‘s article titled: “Rouge Resources (To Be Renamed Fiore Exploration) Appoints Timothy Warman as …” and published on July 12, 2016 is yet another important article.
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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