Angkor Resources (CVE:ANK) Shares Down 22.4% – What’s Next?

Shares of Angkor Resources Corp. (CVE:ANK) were down 22.4% during mid-day trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 548,084 shares traded hands during trading, an increase of 620% from the average daily volume of 76,154 shares. The stock had previously closed at C$0.34.

Angkor Resources Trading Down 3.6%

The stock has a fifty day moving average of C$0.35 and a 200-day moving average of C$0.30. The company has a market cap of C$54.50 million, a PE ratio of -9.00 and a beta of -1.23. The company has a debt-to-equity ratio of 557.03, a quick ratio of 0.27 and a current ratio of 0.25.

Angkor Resources Company Profile

Angkor Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties. It primarily explores for gold, silver, and copper deposits; and oil and gas properties located in the Kingdom of Cambodia, Canada, and the Philippines. The company was formerly known as Angkor Gold Corp. and changed its name to Angkor Resources Corp. in September 2019. Angkor Resources Corp. was incorporated in 2008 and is based in Sexsmith, Canada.