Angkor Resources (CVE:ANK) Shares Down 9.1% – Time to Sell?

Shares of Angkor Resources Corp. (CVE:ANK) traded down 9.1% on Tuesday . The company traded as low as C$0.23 and last traded at C$0.25. 137,743 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 81,559 shares. The stock had previously closed at C$0.28.

Angkor Resources Stock Performance

The firm has a 50-day moving average of C$0.32 and a two-hundred day moving average of C$0.31. The firm has a market capitalization of C$54.78 million, a P/E ratio of -9.00 and a beta of -0.63. The company has a current ratio of 0.25, a quick ratio of 0.27 and a debt-to-equity ratio of 557.03.

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.