The stock of Rouge Resource Ltd (CVE:F) reached all time low today, Nov, 14 and still has $0.40 target or 13.00% below today’s $0.46 share price. This indicates more downside for the $47.62 million company. This technical setup was reported by Barchart.com. If the $0.40 PT is reached, the company will be worth $6.19M 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. 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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