ROK Resources (CVE:ROK) Stock Price Up 24.3% - Here's Why

Key Points

• ROK Resources Inc. saw its stock price increase by 24.3% on Wednesday, closing at C$0.23 after a significant trading volume increase of 3,861%.
• The company has a market capitalization of C$50.51 million and operates primarily in the production and exploration of oil and natural gas in Southeast Saskatchewan.
• ROK Resources has a price-to-earnings ratio of 5.75 and its stock is currently above its 50-day and 200-day moving averages of C$0.20 and C$0.18 respectively.

ROK Resources Inc. (CVE:ROK - )'s share price rose 24.3% on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 9,519,101 shares changed hands during mid-day trading, an increase of 3,861% from the average daily volume of 240,303 shares. The stock had previously closed at C$0.19.

ROK Resources Trading Up 24.3%

The firm's 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.18. The stock has a market capitalization of C$50.51 million, a price-to-earnings ratio of 5.75 and a beta of 0.61.

About ROK Resources

ROK Resources Inc operates as independent oil and gas company in Canada. The company primarily engages in production, exploration, and development of oil and natural gas in Southeast Saskatchewan. ROK Resources Inc is headquartered in Regina, Canada.

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