Angkor Resources (CVE:ANK) Shares Down 12.5% - What's Next?

Key Points

• Angkor Resources Corp. (CVE:ANK) experienced a significant drop of 12.5% in its share price, trading as low as C$0.25 and closing at C$0.28.
• The company's debt-to-equity ratio stands at 557.03, indicating a high level of debt relative to its equity.
• Angkor Resources primarily focuses on the exploration and development of mineral properties, including gold, silver, and copper deposits in Cambodia, Canada, and the Philippines.

Angkor Resources Corp. (CVE:ANK - ) dropped 12.5% during mid-day trading on Tuesday . The stock traded as low as C$0.25 and last traded at C$0.28. Approximately 197,900 shares traded hands during mid-day trading, an increase of 182% from the average daily volume of 70,065 shares. The stock had previously closed at C$0.32.

Angkor Resources Stock Performance

The company has a debt-to-equity ratio of 557.03, a current ratio of 0.25 and a quick ratio of 0.27. The company's 50-day moving average price is C$0.21 and its two-hundred day moving average price is C$0.20. The company has a market capitalization of C$53.37 million, a price-to-earnings ratio of -28.00 and a beta of -0.68.

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.

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