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Analysts at Cormark lower price target for ROK Resources (CVE:ROK) to 0.50 CAD

Analysts at Cormark lower price target for ROK Resources (CVE:ROK) to 0.50 CAD
Analysts at Cormark lower price target for ROK Resources (CVE:ROK) to 0.50 CAD


ROK Resources (CVE:ROK – Free Report) Cormark cut its price target from CAD 0.75 to CAD 0.50 in a report released Thursday, BayStreet.CA reports.

Price development of ROK Resources

CVE:ROK opened at C$0.25 on Thursday. ROK Resources has a 1-year low of C$0.23 and a 1-year high of C$0.45. The company has a market cap of C$54.61 million, a P/E ratio of -3.13 and a beta of 0.50. The company’s 50-day average price is C$0.28 and its 200-day average price is C$0.29.

ROK Resources (CVE:ROK – Free Report) last announced its earnings results on Tuesday, May 21. The company reported earnings per share of C$0.03 for the quarter, beating the consensus analyst estimate of C$0.01 by C$0.02. ROK Resources had a negative net margin of 24.06% and a negative return on equity of 16.85%. The company posted revenue of C$20.93 million for the quarter. Equities analysts expect ROK Resources to report earnings per share of C$0.034375 for the current fiscal year.

ROK Resources Company Profile

(Get free report)

ROK Resources Inc. is an independent oil and gas company in Canada. The company is primarily engaged in the production, exploration and development of oil and natural gas in southeastern Saskatchewan. ROK Resources Inc. is headquartered in Regina, Canada.

Further information



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