Angkor Resources (CVE:ANK) Trading Down 10.2% - Here's Why

Key Points

• Angkor Resources Corp. (CVE:ANK) shares experienced a significant drop of 10.2%, trading as low as C$0.27, following a trading volume increase of 63% compared to the average.
• The company has a debt-to-equity ratio of 557.03, indicating a heavily leveraged position, and both its current and quick ratios are below 1.0.
• Angkor Resources is involved in the exploration and development of mineral properties, primarily targeting gold, silver, and copper deposits, as well as oil and gas properties in various countries including Cambodia, Canada, and the Philippines.

Angkor Resources Corp. (CVE:ANK - ) shares traded down 10.2% during mid-day trading on Thursday . The stock traded as low as C$0.27 and last traded at C$0.27. 115,345 shares were traded during mid-day trading, an increase of 63% from the average session volume of 70,592 shares. The stock had previously closed at C$0.30.

Angkor Resources Trading Down 10.2%

The company has a 50-day simple moving average of C$0.22 and a 200-day simple moving average of C$0.20. The company has a debt-to-equity ratio of 557.03, a quick ratio of 0.27 and a current ratio of 0.25. The stock has a market cap of C$50.51 million, a P/E ratio of -26.50 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.