Altai Resources Inc. (CVE:ATI – Get Free Report) dropped 75% on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 131,995 shares changed hands during trading, a decline of 9% from the average daily volume of 144,891 shares. The stock had previously closed at C$0.08.
Altai Resources Trading Down 62.5%
The company has a market capitalization of C$1.68 million, a price-to-earnings ratio of -1.50 and a beta of 1.82. The firm’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.05.
Altai Resources Company Profile
Altai Resources Inc operates as a natural resource exploration and development company in Canada. The company explores for oil and natural gas, and gold properties. It holds a 50% interest in the Malartic gold property which consists of six map designated claims covering an area of 127.6 hectares located in the Malartic Township, Val d'Or area, Quebec; and a 50% interest in the Cessford oil property covering an area of 240 acres located in the Cessford area of Southern Alberta. Altai Resources Inc was incorporated in 1955 and is headquartered in Toronto, Canada.
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