Angkor Resources (CVE:ANK) Shares Down 22.4% - Should You Sell?

Key Points

• Shares plunged 22.4% to C$0.26 on Wednesday with 548,084 shares traded, a 620% increase in volume, signaling heavy selling pressure.
• The company has very weak liquidity and extreme leverage with a current ratio of 0.25, quick ratio of 0.27 and a debt-to-equity of 557.03, indicating high financial risk.
• Angkor is a small-cap explorer (market cap C$54.5M) with negative earnings (P/E -9.0) and its current price is below the 50-day moving average (C$0.35), reflecting short-term weakness.

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

Angkor Resources Stock Performance

The company has a current ratio of 0.25, a quick ratio of 0.27 and a debt-to-equity ratio of 557.03. The company has a market cap of C$54.50 million, a price-to-earnings ratio of -9.00 and a beta of -1.23. The stock has a 50 day moving average price of C$0.35 and a two-hundred day moving average price of C$0.30.

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.

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